Sudan sells June Nile Blend to Arcadia
Sudanese state oil firm Sudapet sold two cargoes of Nile Blend crude for loading in June to European trader Arcadia, traders said on Wednesday.
Traders said the 600,000-barrel lots were traded at a discount of $5.37 a barrel to the Minas Indonesia Crude Price (ICP), but this could not be confirmed. Some traders cited a lower range, at a discount ranging from $5.40 to $5.90.
Earlier this month, India's Oil and Natural Gas Corp (ONGC) sold a Nile Blend cargo at a discount of about $6.50 a barrel to the Minas ICP, the weakest differential in more than a year for a tender.
But the most recent sale from Sudapet was at a lower price than cargoes sold by the company last month, when two Nile Blend lots went to Arcadia and Unipec at a discount of $3.70 and $3.90 a barrel to the Minas ICP, respectively, traders said at the time.
(Reporting by Alejandro Barbajosa and Florence Tan; Editing by Ramthan Hussain)
- 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.
