30 May 2013 05:04 [Source: ICIS news]
SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender 3,000-5,000 tonnes of naphtha for loading from Visakhapatnam from 16 June to 15 July, according to a tender document obtained by ICIS on Thursday.
The tender closes on 3 June, with bids to stay valid until 4 June, it stated.
ONGC last sold by tender 35,000 tonnes of naphtha for loading from Mumbai on 4-5 June. The buyer was oil major Shell and the deal for the cargo was done at a premium of $25.00/tonne (€19.25/tonne) to Middle East quotes FOB (free on board).
($1 = €0.77)
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