Sudan issues new tender for Dar Blend crude

October 14, 2008 (TOKYO) – Sudan issued a new tender to sell 2 million barrels of the acidic Dar Blend crude for November delivery according to a trader who spoke to Reuters.

It is not clear what the average bid for the offer would be but the last tender was sold for $23 a barrel.

The Dar blend acidic nature makes it unattractive to most refiners hence the steep discount as compared to average world prices of oil.

(ST)