W. Africa Crude-New Egina crude hits the market, MRS issues sell tender

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LONDON, Dec 27 – Spot activity was muted due to the Christmas holiday period but a new Nigerian grade has been added to the February loading programme, while Nigeria’s MRS issued a sell tender.

* The first cargoes from Total’s newly producing Nigerian offshore field, Egina, will load in February

* Total, China’s CNOOC and Nigeria’s NNPC will each have a cargo of Egina in February, traders said. No offers have yet been seen

* Angola’s state oil firm Sonangol was offering two cargoes of Dalia at dated Brent minus 30 cents a barrel loading Feb. 17-18 and Feb. 23-24

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* Sonangol earlier sold its cargo of Saturno loading Feb. 7-8 to a Chinese refiner

* Nigerian oil marketing firm MRS issued a sell tender for a cargo of Forcados loading Feb. 14-15 and a cargo of Amenam loading Feb. 10-11. The tender closes on Jan. 31

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* Sinopec has suspended two top officials at its trading arm Unipec and is evaluating details related to certain crude oil transactions that have incurred some losses, the Chinese state oil company said on Thursday (

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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