Qatar’s Tasweeq awards its August Al Shaheen tender

19 June 2013 16:14  [Source: ICIS news]

SINGAPORE (ICIS)--Tasweeq, the Qatari state oil marketer, has awarded a tender that offered seven 600,000bbl cargoes of August Al Shaheen crude oil, sources said on Wednesday.

The August Al Shaheen cargoes were sold at a softer price level around Dubai quotes plus $1.10-1.20/bbl FOB (free on board) Al Shaheen. Tasweeq sold two August Al Shaheen cargoes each to Exxon, Reliance and TonenGeneral, with Thailand’s PTT taking one cargo.

Earlier this week, Maersk Oil placed August spot Al Shaheen cargoes at around Dubai quotes plus $1.20-1.50/bbl FOB. Previously, Tasweeq sold seven July Al  Shaheen cargoes at around Dubai quotes plus $1.10-1.20/bbl FOB.

The Al Shaheen oilfield is off the northeast coast of Qatar in the Gulf. The field is operated by Maersk Oil under a production sharing agreement with state oil company Qatar Petroleum.

According to Tasweeq, current production of Al Shaheen crude oil  is around 310,000 bbl/day.

Al Shaheen crude output from the six production installations in the field is lifted to customers via two floating storage offloading (FSO) vessels.

By: James Dennis
+65 6780 4327

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