Bloomberg News

Taiwan’s CPC Said to Buy 4 Million Barrels of Angolan Crude

July 25, 2012

CPC Corp., a Taiwan state-run oil company, bought 4 million barrels of Angolan crude for loading in September via a tender, according to four traders who participate in the market.

The company bought 3 million barrels of Cabinda and 1 million barrels of the Nemba grade, according to the people, who declined to be identified because the information is confidential. CPC awarded the tender to Chevron Corp. (CVX:US), Sonangol Holdings and China International United Petroleum & Chemical Co., or Unipec, they said.

Details of the purchases are as follows:

----------------------------------------------------------------
Crude:    Cabinda
Quantity: 1 million barrels
Loading:  Sept. 10 to Sept. 11
Seller:   Sonangol
----------------------------------------------------------------
Crude:    Cabinda
Quantity: 1 million barrels
Loading:  Sept. 15 to Sept. 16
Seller:   Chevron
----------------------------------------------------------------
Crude:    Cabinda
Quantity: 1 million barrels
Loading:  Sept. 26 to Sept. 27
Seller:   Unipec
----------------------------------------------------------------
Crude:    Nemba
Quantity: 1 million barrels
Loading:  Sept. 29 to Sept. 30
Seller:   Sonangol
----------------------------------------------------------------

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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  • CVX
    (Chevron Corp)
    • $123.06 USD
    • -0.43
    • -0.35%
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