W. Africa Crude-IOC takes large volume in tenders

PUBLISHED: Thu, 08 Apr 2021 16:47:34 GMT
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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. 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.

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* 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. (Reporting by Julia Payne Editing by Mark Heinrich) ))

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