ONGC offers second Feb Nile Blend stem

February tender.

ONGC holds a 25 percent stake in the Greater Nile project, which produces some 300,000 barrels per day (bpd) of Nile Blend crude. It normally sells one or two cargoes a month and uses the rest at its refinery in Mangalore.

Differentials for Nile Blend crude and similar low-sulphur heavy grades have rallied in January and February from record-low autumn discounts below a barrel amid stronger winter demand for direct-burning crude from Japan and .20 a barrel to Minas Indonesia Crude Price, weaker than its previous deal and more than below state oil firm Sudapet's February tender.

ONGC holds a 25 percent stake in the Greater Nile project, which produces some 300,000 barrels per day (bpd) of Nile Blend crude. It normally sells one or two cargoes a month and uses the rest at its refinery in Mangalore.

Differentials for Nile Blend crude and similar low-sulphur heavy grades have rallied in January and February from record-low autumn discounts below a barrel amid stronger winter demand for direct-burning crude from Japan and South Korea.

REUTERS DKS HS2055 .20 a barrel to Minas Indonesia Crude Price, weaker than its previous deal and more than February tender.

ONGC holds a 25 percent stake in the Greater Nile project, which produces some 300,000 barrels per day (bpd) of Nile Blend crude. It normally sells one or two cargoes a month and uses the rest at its refinery in Mangalore.

Differentials for Nile Blend crude and similar low-sulphur heavy grades have rallied in January and February from record-low autumn discounts below a barrel amid stronger winter demand for direct-burning crude from Japan and South Korea.

REUTERS DKS HS2055