India’s ONGC places 35,000 tonnes naphtha on offer ex-Mumbai

21 June 2013 03:17  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is selling a 35,000-tonne naphtha cargo for loading from Mumbai on 11-12 July, according to a tender document seen by ICIS on Friday.

The new tender closes on 25 June, with offers to stay valid until 26 June, it stated.

ONGC last sold by tender a 35,000 tonne naphtha cargo for loading from Hazira in early July, to Japanese trading firm ITOCHU.

The deal for the cargo was done at a premium of $18.28/tonne (€13.90/tonne) to Middle East quotes FOB (free on board) for loading on 5-6 July, they added.

ONGC previously sold by tender a 35,000 tonne naphtha cargo for loading from Hazira on 23-24 June. The deal for the cargo was done at a premium of $26.25/tonne to Middle East quotes FOB.

In an earlier tender sale, ONGC sold 35,000 tonnes of naphtha for loading from Mumbai on 4-5 June to oil major Shell, at a premium of $25.00/tonne to Middle East quotes FOB.

($1 = €0.76)


By: Felicia Loo



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