India’s ONGC offers 35,000 tonnes naphtha ex-Hazira

18 April 2013 10:47  [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 Hazira on 5-6 May, according to a tender document obtained by ICIS on Thursday.

The tender closes on 23 April, with bids to stay valid until 23 April, it showed.

Meanwhile, ONGC closed a tender on 17 April that offered a similar-sized naphtha cargo for loading from Mumbai on 2-3 May. Bids would remain valid until 18 April.

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 = €0.77)

By: Felicia Loo

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