Indian ONGC offers 35,000 tonnes naphtha for 23-24 June

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

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering a 35,000 tonne naphtha cargo for loading from Hazira on 23-24 June, according to a tender document obtained by ICIS on Friday.

The tender closes on 3 June, with bids to stay valid until 4 June, it stated.

In its lastest tender award, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 12-13 June. Trading firm Mercuria won the cargo at a premium of $29.50/tonne (€22.72/tonne) to Middle East quotes FOB (free on board).

In its previous tender, ONGC sold 35,000 tonnes of naphtha for loading from Mumbai on 4-5 June to oil major Shell. The deal for the cargo was done at a premium of $25.00/tonne to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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