India’s ONGC offers 35,000 tonnes naphtha for early April

11 March 2013 01:31  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender a 35,000 tonne naphtha cargo for loading from Mumbai on 7-8 April, according to a tender document obtained by ICIS on Monday.

The tender closes on 12 April, with bids to remain valid on the same day, it stated.

In its last tender, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 27-28 March.

The deal for the cargo was done at a premium of $57.80/tonne (€44.50/tonne) to Middle East quotes FOB (free on board), and the buyer was Japanese trading firm Marubeni.

($1 = €0.77)

By: Felicia Loo

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