W. Africa Crude-More Nigerian programmes emerge

FILE PHOTO: A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. REUTERS/Stringer/File Photo

LONDON Feb 23  – Trade was slim due to IP Week in London with no offers seen for April loading Nigerian cargoes.

Angola’s state owned Sonangol was still offering April loading Dalia at dated Brent minus 20 cents a barrel and ExxonMobil was offering a cargo of Angolan Hungo at dated Brent plus 30 cents a barrel.

Unipec won Eni’s March loading cargo of new grade Olombendo in Angola, traders said.

Nigeria’s Amenam and Akpo programmes surfaced for April. Two cargoes of Amenam will load and four for Akpo.


* India’s BPCL issued a buy tender for one or more cargoes loading between March 26 and April 15. The first part closes on Feb. 24 and the second on Feb. 28 with offers valid until the end of the same day.

* Results from Indian MRPL’s tender are expected on Friday. (Reporting By Julia Payne; Editing by Susan Fenton and Elaine Hardcastle) ))

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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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