Qatar’s Tasweeq issues Al Shaheen tender for May

12 March 2014 13:57  [Source: ICIS news]

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

The tender will close on 13 March and bids will have validity until 14 March.

Previously, Tasweeq awarded a tender offering three 600,000 bbl cargoes of April Al Shaheen at Dubai quotes plus $1.00//bbl FOB (free on board) Al Shaheen. The buyers included a major and an Indian refiner.

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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