India’s ONGC offers 35,000 tonnes naphtha for 13-14 August

25 July 2013 07:09  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender a 35,000-tonne naphtha cargo for loading from Mumbai on 8-9 August, according to tender document obtained by ICIS on Thursday.

Bids must be submitted by 25 July, with validity until 26 July, it stated.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo for loading from Hazira on 13-14 August, to Chinese trading firm Unipec.

The deal for the cargo was done at Middle East quotes FOB (free on board) plus $27/tonne (€21/tonne).

In an earlier tender for Mumbai loading, ONGC sold a similar-sized naphtha cargo to oil major BP. The deal for the cargo was done at a premium of $23/tonne (€18/tonne) to Middle East quotes FOB, for loading on 11-12 July.

($1 = €0.76)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly