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Monday, April 28, 2014
YPF, Argentina’s state-run oil company has awarded Vitol a tender to buy a 1 million barrel cargo of Nigerian Bonny Light crude according to a Reuters report. This is the first time since Argentina has agreed to buy Nigerian crude since it lifted restrictions on crude imports in January.
The measure was taken to buy cheaper crudes instead of importing more expensive finished fuels, the government said.
“The cargo will be delivered in the second week of May at Bahia Blanca port and then the crude will be distributed by Enarsa to several Argentine refineries, including Campana, La Plata and Buenos Aires,” a source told Reuters.
Enarsa, another Argentine state-run oil company, will be in charge of receiving the cargo and will deliver the crude to refining companies.
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