Shell wins tender to sell Nigerian crude cargo to Argentina - traders
Reuters
Published Jul 11, 2016 23:00
Updated Jul 11, 2016 23:10
Shell wins tender to sell Nigerian crude cargo to Argentina - traders
HOUSTON (Reuters) - Anglo-Dutch oil company Royal Dutch Shell (L:RDSa) was awarded a tender last week to sell 1 million barrels of Nigeria's Bonny Light crude to a group of refining firms in Argentina, traders said on Monday.
Firms buying the cargo include Oil Combustibles, Axion Energy, Petrobras Argentina (BA:PER) and Shell. The crude must be delivered on August 1-10 and it will be processed at several domestic refineries.
It was not immediately possible to know the price agreed for the cargo. Shell has a policy not to comment on such commercial issues.
Argentina has imported two 1-million-barrel cargoes of African crudes so far this year, but the new government of Mauricio Macri is trying to reduce purchases by securing a larger supply of domestic oil to domestic refineries.
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Written By: Reuters
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