Petrobras issues tender to sell Oct Agbami crude

Tue Sep 2, 2008 4:10pm BST
 
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LONDON, Sept 2 (Reuters) - Petrobras has issued a tender to sell Nigerian Agbami crude oil for October, traders said on Tuesday.

The Brazirian state oil firm (PETR4.SA)(PBR.N) is offering a 975,000 barrel-cargo of the light, sweet crude to be loaded on Oct. 14-15. Bids should be submitted later on Tuesday and will be valid until Wednesday, traders said.

Petrobras could not be reached for comment.

Petrobras has a partial stake in the deepwater Agbami project, which started pumping oil in late July.

The first Agbami export cargo for mid-September loading was sold through a tender issued by StatoilHydro (STL.OL) last month. Traders said the first tender did not attract bidders and the cargo was sold in the second tender at a discount to dated Brent.

StatoilHydro declined to comment on the details of the tenders at the time. (Reporting by Ikuko Kao)

 

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