ONGC awards a 35,000 tonnes naphtha tender for mid-April loading

27 March 2014 14:50 Source:ICIS News

SINGAPORE (ICIS)--Oil and Natural Gas Corp (ONGC) awarded an export tender for a 35,000 tonne naphtha cargo for loading from Hazira, India, on 16-17 April, sources said on Thursday.

The deal for the cargo was done at a premium of $44/tonne to FOB (free on board)Middle East quotes and the buyer was Unipec. The tender closed on 25 March.

In its previous tender, ONGC previously sold by tender a similar-sized naphtha cargo for loading from Hazira on 3-4 April, to Total. The deal for the cargo was done at a premium of about $42/tonne to FOB Middle East quotes.

By James Dennis