China oil company sells 1 mln barrel of Dar Blend
China National Petroleum Corp (CNPC) sold a cargo of Dar Blend Sudanese crude for April loading to Chinaoil at about $8 a barrel to dated Brent, traders said on Friday.
Earlier this week, Sudapet, Sudan’s state oil company, sold two cargoes of April-arrival Dar Blend to Chinese refiners, also at discounts of about $8 a barrel to dated Brent.
Dar Blend crude is heavily discounted because of its high acid content, making it unattractive to most Asian refiners.
In January, state-run CNPC sold a 1-million-barrel cargo also to Chinaoil at a discount of between $8.00 and $8.50 a barrel to dated Brent.
U.S. sanctions against the purchase of Sudanese goods also keep many companies away.
CNPC and Malaysia’s Petronas are the major equity producers of Dar Blend and the main marketers of the grade.
- Database Search
- Unpaid Debt A comprehensive overview of the role of the Lundin Consortium in the oil war. ECOS calls upon the Swedish, Austrian and Malaysian governments to investigate whether, as a matter of international law, Lundin, OMV and Petronas 'were complicit in the commission of war crimes and crimes against humanity by others during the period 1997-2003.’ In response, the Swedish Public Prosecutor for International crimes opened a criminal investigation into ‘links between Sweden and the reported crimes’.
- In Depth For more specific information about the Lundin court case please visit the Unpaid Debt dossier.
