W. Africa Crude-Cargoes clear, IOC tender result awaited


LONDON, Nov 6 (Reuters) – Traders said Nigerian cargoes were
clearing fairly swiftly on Wednesday though the closing of an
Indian tender put the brakes on fresh offers.

* Nigerian Escravos was largely sold out with one lingering
cargo loading Dec. 26-27. Offer levels had been around dated
Brent plus $3.50.
* Exxon Mobil was offering a cargo of Nigerian Usan at dated
Brent plus $1.00.
* Bonny Light and Qua Iboe were being shown in high plus
$2.00s over dated Brent.
* Angola’s state firm Sonangol sold its 750,000-barrel cargo
of Gimboa to an Asian buyer after offering it around dated Brent
plus $2.00.
* Total was offering at least four December loading cargoes
– CLOV at dated Brent plus $2.90, Mostarda at plus 90 cents,
Girassol at plus $3.10 and Pazflor at plus $2.30, traders said.
* Around 15 Angolan cargoes remain from the December

* Indian Oil Corp is running a buy tender closing Nov. 7 for
West African crude loading Jan. 1-10.

* Total is seeking to sell its 12.5% stake in a
major deepwater oilfield off the coast of Nigeria, industry and
banking sources said, in an effort to adjust the energy
company’s Africa portfolio amid a broad expansion.
* Nigeria’s President Muhammadu Buhari signed a bill into
law on Monday that amends legislation on agreements related to
offshore oil production, according to the president’s Twitter

(Reporting By Julia Payne; Editing by Kirsten Donovan)

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