W. Africa Crude-Flurry of deals and tenders after Chinese New Year holiday

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Jan 31 (Reuters) - Activity picked up on Tuesday with a flurry of deals and tenders after a demand slowdown last week due to Chinese New Year festivities. ANGOLA


* Angola's state firm Sonangol sold two of its spot March cargoes. It sold its cargo of Kissanje to China's Unipec after offering it at dated Brent plus 50 cents and its cargo of Mostarda to Total after offering it at dated Brent minus $2.80, traders said.


* Sonangol was still said to be offering a cargo of Girassol at dated Brent plus $1.70.


* BP sold a cargo of early March loading Saturno to Unipec on Monday.


* Chevron was offering March loading Cabinda at dated Brent plus $1.20 a barrel.


TENDERS


* Cameroon's SNH issued a sell tender for March loading cargoes of Lokele and Kole. The tender closes on Feb. 7.


* Perenco issued two sell tenders: one for a cargo of March loading Gabonese Mandji crude closing on Wednesday; and another for March loading Congolese Coco and Gabonese Rabi Light closing on Thursday.


* Oando closed a sell tender for a cargo of Nigerian Bonga loading March 10-11. Results are expected on Wednesday.


* Uruguay's ANCAP has a buy tender running for a March 26-30 arrival cargo. The tender closes on Feb. 2.


* Maurel & Prom closed a sell tender for Rabi Light for March loading. Results are expected on Wednesday.


* Indonesia's Pertamina closed a buy tender for March loading crude. Results are expected on Wednesday.


RELATED NEWS
* Nigeria's lower house of parliament has approved President Muhammadu Buhari's request to borrow an extra $2.2 billion in temporary advances from the country's central bank to help plug gaps in last year's budget, lawmakers said on Tuesday.
* Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. (Reporting by Julia Payne; Editing by Shailesh Kuber)


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