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)
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