India’s ONGC offers 35,000 tonnes naphtha for end-May loading

07 May 2013 02:18  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has floated a tender to sell a 35,000 tonne naphtha cargo for loading from Hazira on 29-30 May, according to a tender document showed on Tuesday.

The tender closes on 9 May, with bids to stay valid on the same day, it stated.

ONGC last sold by tender a 35,000 tonne naphtha cargo for loading from Hazira on 17-18 May. The buyer was Japanese firm Idemitsu and the deal for the cargo was done at a premium of $34.50/tonne (€26.22/tonne) to Middle East quotes FOB (free on board).

($1 = €0.76)


By: Felicia Loo



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