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

Published 11/07/2016, 23:00
Updated 11/07/2016, 23:10
© Reuters. A Shell logo is seen reflected in a car's side mirror at a petrol station in west London
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HOUSTON (Reuters) - Anglo-Dutch oil company Royal Dutch Shell (L:RDSa) 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 (BA:PER) 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.

© Reuters. A Shell logo is seen reflected in a car's side mirror at a petrol station in west London

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