Taiwan’s CPC Said to Buy Four Cargoes of March Angolan Crude
January 19, 2012, 8:21 AM ESTBy Sherry Su
Jan. 19 (Bloomberg) -- CPC Corp., a Taiwan state-run oil company, bought 4 million barrels of Angolan crude for loading in March via a tender, according to four traders who participate in the market.
The company bought one cargo each of Cabinda grade from ConocoPhillips, Eni SpA and China International United Petroleum & Chemical Corp., or Unipec, according to the people, who declined to be identified because they aren’t authorized to speak on the matter. It also purchased one shipment of Nemba blend from Sonangol Holdings, Angola’s state-owned oil company, they said.
Each cargo is for about 1 million barrels.
To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net
To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net
