India’s ONGC offers naphtha supply for early May loading

15 April 2013 02:30  [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 2-3 May, according to a tender document obtained by ICIS on Monday.

The tender closes on 17 April, with bids to stay valid until 18 April, it stated.

ONGC last sold by tender a 35,000-tonne naphtha cargo to French major Total at a premium of $48/tonne (€37/tonne) to Middle East quotes FOB (free on board). The loading from Hazira will take place on 22-23 April.

($1 = €0.76)

By: Felicia Loo

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