NEW DELHI, May 5: India’s Oil and Natural Gas Corp. (ONGC) has issued a tender to sell 35,000 tons of naphtha for June 6-7 loading from the west coast port of Hazira, a tender document showed.
The tender will close on May 9, with validity remaining until the next day, the document issued late on Friday said.
In its previous tender, ONGC sold a similar cargo for May 10-12 loading from Hazira to Japanese trading house Itochu Corp. at a sharply lower premium of around $10-12 a ton to Middle East spot quotes, on a free-on-board (FOB) basis.—Reuters
