India’s ONGC offers 3,000-5,000 tonnes naphtha for June-July loading

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)

By: Felicia Loo

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