India’s ONGC offers 35,000 tonnes naphtha for mid-Dec loading

22 November 2013 04:05  [Source: ICIS news]

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

The loading dates are 16-17 December, it showed.

The tender closes on 27 November, with bids to stay valid on the same day, the document stated.

ONGC previously sold by tender 35,000 tonnes of naphtha for loading from Hazira in early December.

The deal for the cargo was done at a premium of $38/tonne (€29/tonne) to FOB (free on board) Middle East quotes.

Japanese trading firm Marubeni was the buyer of the cargo, which is scheduled for loading on 2-3 December.

($1 = €0.75)

By: Felicia Loo

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