IOC tender awarded, Sonangol offers two cargoes

Angola’s February allocations emerged with its state oil firm receiving two cargoes to offer on Friday.

Indian Oil Corp awarded two tenders loading Jan. 29 to Feb. 7 and Feb. 13-22. Shell, Vitol and Chevron were the winners with Nigerian crude, traders said. IOC was said to have taken some non-west African grades as well.

Angola’s state oil firm Sonangol was offering two February spot cargoes: Girassol at dated Brent plus $2.50 a barrel and Dalia at dated Brent plus $2.00.

Turkey’s Tupras closed a buy tender for west African or North Sea crude for Jan. 20-31 delivery but winner details did not immediately emerge.

February loading programmes for key Nigerian grades – Bonny Light, Forcados, Bonga and Qua Iboe still had not emerged. Qua Iboe’s release was delayed by a recent fire at the terminal and a full Brass River programme was not available as force majeure had only recently been lifted.
Source: Reuters (Reporting by Julia Payne; Editing by Kirsten Donovan and Louise Heavens)