Bloomberg News

Taiwan’s CPC Said to Buy Six Cargoes of April Angolan Crude

February 24, 2012

(Updates with cargo volume in second paragraph, table.)

Feb. 23 (Bloomberg) -- CPC Corp., a Taiwan state-run oil company, bought 6 million barrels of Angolan crude for loading in April via a tender, according to two traders who participate in the market.

The company bought Cabinda, Nemba and Palanca grades from Sonangol Holdings, ConocoPhillips 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.

Details of the purchases are as follows:

--Editors: Raj Rajendran, John Buckley.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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