Qatar’s Tasweeq issues Al Shaheen tender for October

13 August 2013 10:04  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq), the state-owned oil marketer, has issued a tender offering six 600,000bbl cargoes of Al Shaheen crude oil for October loading, industry sources said on Tuesday.

The six Al Shaheen cargoes are for loading 6-7 October, 17-18 October, 18-19 October, 21-22 October, 28-29 October and 30-31 October. The tender will close on 14 August and bids will have validity until 16 August.

Previously, Tasweeq awarded a tender offering seven 600,000 bbl September Al Shaheen cargoes at a weaker price level around Dubai quotes plus $0.60-1.20/bbl FOB (free on board) Al Shaheen.

Buyers of the September Al Shaheen cargoes included Shell, Exxon, Reliance and TonenGeneral.

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

Al Shaheen is a medium-heavy high sulphur crude oil, with an API (American Petroleum Institute) gravity of 28.0 degrees and a sulphur content of 2.37% by weight.

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 oilfield is lifted to customers via two floating storage offloading (FSO) vessels.

By: James Dennis
+65 6780 4327

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