Sudan issues tender for February Nile Blend crude
December 18, 2009 (KHARTOUM) – Sudan has issued a new tender to sell 1.6 million barrels of heavy sweet Nile Blend crude for February loading, traders told Reuters.
The tender closes on Monday, the traders added.
The Greater Nile project which produces this heavy sweet, high-quality, Nile Blend crude has been experiencing diminishing productivity lately from 325,000 barrels per day (bpd) to 200,000.
On Thursday, India’s state-owned Oil and Natural Gas Corp (ONGC) closed a tender to sell a 600,000-barrel cargo of February-loading Nile Blend.
Earlier this month, ONGC sold a similar-sized cargo of Nile Blend for loading in January in a tender at a discount of $1.10 a barrel to the Minas Indonesia Crude Price (ICP) to Chinaoil.
ONGC holds a 25 percent stake in the Greater Nile project, where Nile Blend is produced.
(ST)