W. Africa Crude-Cargo booked for Israel, Angolan programme emerges


LONDON, March 17 (Reuters) – The week ended on an active note with several tenders being either issued or awarded, the emergence of Angola’s May loading programme and an unusual spot sale of West African crude.

* Chevron has booked the Besiktas Bosphorus to take West African crude to Israel loading April 4, according to Reuters shipping data. A trader said that the tanker would load at the Djeno port in the Republic of Congo and discharge in Ashkelon.

* The Djeno terminal can load either the light sweet Nkossa or heavy sweet Djeno grades.

* Israel rarely takes west African grades although it took at least one cargo of Nkossa in 2016.


* Cepsa bought a cargo of Qua Iboe from ExxonMobil loading April 16-17, traders said. The cargo was offered at dated Brent plus $1.10 a barrel but the deal level did not emerge.

* Around 20 cargoes from the April programme were still said to be available.


* The May programme emerged with 54 cargoes, or 1.67 million barrels per day, versus 53 cargoes in April.

* Less than 10 cargoes remain available from the April programme, including the Dalia, Cabinda, CLOV, Saxi, Kissanje and Mondo grades.


* Traders said Shell won Indian IOC’s tender with 2 million barrels of crude. The grades could not be confirmed but were thought to be Nigerian.

* India’s HPCL issued a sell tender for first-half May loading cargoes. The tender closes on March 22.

* Taiwan’s CPC issued a buy tender for full-month May loading crude. The tender closes on March 20.


* China’s Sinopec is nearing a deal to buy Chevron’s South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.

* A Nigerian court on Friday overturned a request by Nigeria’s financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and Financial Crimes Commission (EFCC).

* Indian Oil Corp became India’s first refiner to buy light sweet Hibernia crude from Canada’s largest oil company Suncor, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia. India is the biggest single buyer of Nigerian crude. (Reporting By Julia Payne. Editing by Jane Merriman) ))


Please enter your comment!
Please enter your name here