Indian oil explorer ONGC Videsh has sold off Abu Dhabi’s Das crude oil supplies for 2022 to Trafigura through a tender at a strong premium over last year, trade sources said on Friday, citing strong demand for lightly sourced crude. indicated.
This is the second year in a row that a European trader has won the tender. Sources said Trafigura will pay over 30 cents a barrel over the official selling price (OSP) of crude oil for the supply, up from a premium of 15-20 cents last year.
ONGC had offered 55 lakh to 60 lakh barrels of Das crude in the tender.