Qatar Petroleum sells al-Shaheen crude via private talks for 1st time

Mubasher: Qatar Petroleum has sold two cargos of al-Shaheen crude oil through private talks for the first time, sources said on Monday.

The two shipments were delivered to a Japanese end-user and an oil major, Reuters reported, citing the sources.

The state-owned petroleum company sold the cargos with an average of $0.80 - $0.90 per barrel, the sources noted.

It is noteworthy that Qatar Petroleum typically sells the medium-sour grade via a monthly tender, while some buyers have requested for direct price talks.

Al-Shaheen offshore field, Qatar’s largest oil field, contains 33 platforms and 400 wells, and produces around 300,000 barrels per day (bpd). 

Mubasher Contribution Time: 16-Apr-2018 13:15 (GMT)
Mubasher Last Update Time: 16-Apr-2018 13:27 (GMT)