W. Africa Crude-Spot market muted, Pertamina issues tender

Published 27/08/2019, 17:46
© Reuters.  W. Africa Crude-Spot market muted, Pertamina issues tender
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LONDON, Aug 27 (Reuters) - A sizeable overhang of

September-loading crude weighed on the market on Tuesday, with

October trading yet to get start for Nigerian grades.

* About 15-20 Nigerian cargoes remained from the September

programme. Egina was being offered at least $4 above dated

Brent, traders said. About three Forcados cargoes remain and Qua

Iboe was still on offer at dated Brent plus $2.50.

* A handful of September-loading Angolan crude remained on

offer to Asia on a cif basis.

* Indonesia's Pertamina issued a buy tender for crude for

November delivery of West African crude cargoes. The tender

closes on Aug. 30 and remains valid until Sept. 3.

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* Nigeria will not relinquish assets to a firm registered in

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dispute over a $9 billion gas project, the West African

country's information minister said on Tuesday.

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