November 6, 2019 / 4:28 PM / 12 days ago

W. Africa Crude-Cargoes clear, IOC tender result awaited

    LONDON, Nov 6 (Reuters) - Traders said Nigerian cargoes were
clearing fairly swiftly on Wednesday though the closing of an
Indian tender put the brakes on fresh offers. 
    
    * Nigerian Escravos was largely sold out with one lingering
cargo loading Dec. 26-27. Offer levels had been around dated
Brent plus $3.50.
    * Exxon Mobil was offering a cargo of Nigerian Usan at dated
Brent plus $1.00. 
    * Bonny Light and Qua Iboe were being shown in high plus
$2.00s over dated Brent. 
    * Angola's state firm Sonangol sold its 750,000-barrel cargo
of Gimboa to an Asian buyer after offering it around dated Brent
plus $2.00. 
    * Total was offering at least four December loading cargoes
- CLOV at dated Brent plus $2.90, Mostarda at plus 90 cents,
Girassol at plus $3.10 and Pazflor at plus $2.30, traders said.
    * Around 15 Angolan cargoes remain from the December
programme.
    
    TENDERS
    * Indian Oil Corp is running a buy tender closing Nov. 7 for
West African crude loading Jan. 1-10.    
    
    RELATED NEWS
    * Total           is seeking to sell its 12.5% stake in a
major deepwater oilfield off the coast of Nigeria, industry and
banking sources said, in an effort to adjust the energy
company's Africa portfolio amid a broad expansion.             
    * Nigeria's President Muhammadu Buhari signed a bill into
law on Monday that amends legislation on agreements related to
offshore oil production, according to the president's Twitter
account.             

 (Reporting By Julia Payne; Editing by Kirsten Donovan)
  
 
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