ONGC Videsh Changes Loading Dates for July Sokol Crude Tender

ONGC Videsh Ltd. (ONGC), the overseas unit of India’s largest state-run explorer, amended the loading dates for its tender to sell 700,000 barrels of Russian Sokol crude, according to an offer document obtained by Bloomberg News.

The cargo will now load from July 14 to July 17, the notice showed. The original tender was canceled and reissued on May 11. It was earlier scheduled for July 16 to July 19.

Details of the offer are as follows:

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Crude:      Sokol (Russia)
Size:       700,000 barrels
Loading:    July 14-17
Pricing:    Average of Platts Oman and Dubai
Basis:      Cost and freight (CFR)
Seller:     ONGC Videsh
Closes:     May 16, 9:30 a.m., India time
Validity:   May 17, 6:30 p.m.
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To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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