Economics
Sudan sells Feb 2010 Nile Blend
December 31, 2009 (SINGAPORE) – Sudan has sold a total of 1.6 million barrels, of heavy sweet Nile Blend crude for February loading at steady differentials, a trader said on Thursday.
Sudan state oil firm Sudapet awarded a 1.0 million-barrel cargo to European trader Arcadia and a 600,000-barrel cargo to Glencore at a discount of between $1.10 and $1.20 a barrel to Minas Indonesia Crude Price (ICP), steady from January cargoes Sudapet sold last month.
The differentials were slightly stronger than a discount of $1.30 a barrel to Minas ICP fetched for a February Nile Blend cargo India’s ONGC sold to Chinaoil earlier this month.
ONGC holds a 25 percent stake in the Greater Nile project, where Nile Blend is produced.
(ST)
Dinka Boy
Sudan sells Feb 2010 Nile Blend
The Southerners know that the Northern governmnet is discriminating the price of crude oil at the moment because they know that South is going to choose their destiny in 2011.
to Asian countries who are the trade partners with the North, i belive that your outsourcing will be very short soon and your partnership will be lock.
Thanks