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Shell wins tender to sell Nigerian crude cargo to Argentina -traders

 

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Mon Jul 11, 2016

HOUSTON, July 11 (Reuters) – Anglo-Dutch oil company Royal Dutch Shell was awarded a tender last week to sell 1 million barrels of Nigeria’s Bonny Light crude to a group of refining firms in Argentina, traders said on Monday.

Firms buying the cargo include Oil Combustibles, Axion Energy, Petrobras Argentina and Shell. The crude must be delivered on August 1-10 and it will be processed at several domestic refineries.

It was not immediately possible to know the price agreed for the cargo. Shell has a policy not to comment on such commercial issues.

Argentina has imported two 1-million-barrel cargoes of African crudes so far this year, but the new government of Mauricio Macri is trying to reduce purchases by securing a larger supply of domestic oil to domestic refineries.

(Reporting by Marianna Parraga; Editing by Andrew Hay)

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