SINGAPORE (Reuters) - BP PLC (L:BP) swept up 1.5 million barrels of Qatari condensate loading in April, a rare move for the oil major, three traders that participate in the market said on Thursday.
The company bought two 500,000-barrel cargoes of deodorised field condensate (DFC) from Qatar's state oil marketer Tasweeq in a tender and another similar-sized cargo before that, they said.
The cargoes were priced between $3.50 and $3.90 a barrel above Dubai quotes, the traders said.
It was not immediately clear where BP intends to re-sell the cargoes, but the traders said they may head out of Asia as there is no demand here.
BP does not typically comment on commercial matters.