India's ONGC offers 35,000 tonnes naphtha for 16-17 April

21 March 2014 08:49 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 on 16-17 April, according to a tender document obtained by ICIS on Friday.

The tender closes on 25 March, with bids to stay valid on the same day, it showed.

In its previous tender, ONGC sold a similar-sized naphtha cargo for loading from Hazira on 3-4 April.

The deal for the cargo was done at a premium of about $42/tonne to FOB (free on board) Middle East quotes and the buyer was Total.

By James Dennis