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Qatar Sells Al-Shaheen Oil to Exxon, Unipec for January Loading

Qatar International Petroleum Marketing Co., known as Tasweeq, sold 3 million barrels of Al-Shaheen crude oil for January loading to Exxon Mobil Corp. and China International United Petroleum & Chemical Corp., or Unipec, said three traders who participate in the market, declining to be identified because the information is confidential.

Details of the sale are as follows:

Crude:       Al-Shaheen
Quantity:    600,000 barrels x 5 cargoes
Loading:     January
Buyers:      Exxon Mobil, Unipec
Price:       Premium of $3 to $3.20 a barrel to Dubai crude
             price published by Platts

Al-Shaheen is a similar grade to Saudi Arabia’s Arab Medium crude. Qatar exports two other grades, Qatar Marine and Qatar Land, to customers in Asia.

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