UPDATE 1-W. Africa Crude-IOC takes large volume in tenders

Published 08/04/2021, 18:58
Updated 08/04/2021, 19:00
© Reuters.

(Adds Sonangol deal)
LONDON, April 8 (Reuters) - Two Indian IOC tenders mopped up
some cargoes on Thursday while the spot market remained subdued.

* India's IOC awarded two tenders for west African crude
loading in early June. Shell won with four cargoes while
Glencore and Equinor won with two cargoes each, traders said.
* Equinor would supply end-May Agbami and Forcados loading
May 23-24, while Glencore won with Gabonese Oguendjo and
Nigerian Akpo, traders said. Details on Shell's cargoes did not
immediately emerge.
* Pertamina did not award a tender that closed earlier this
week, and was expected to reissue a new one for May barrels.
* About 10 Angolan May-loading cargoes were available from
equity holders.
* State firm Sonangol sold its last spot cargo, a Saturno,
to China after offering it down to dated Brent minus $1.80 a
barrel.
* Eni was offering Cabinda at dated Brent plus 30 cents
loading in late May.
* Chevron was offering a cargo of Nemba at dated Brent minus
80 cents, CLOV was on offer at dated Brent plus $1.00 and Dalia
at minus 10 cents.

RELATED NEWS
* Angolan state oil firm Sonangol has launched a tender for
gasoline and diesel imports for one year starting July 1, the
company said in a statement. A source familiar with the process
added that the submission deadline for bids was April 14.

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