Qatar Petroleum’s (QP) sold two cargoes of Al Shaheen crude oil to be loaded in September at lower premiums, sources familiar with the matter have said.
The two cargos contain 500,000 barrels, $1.10 higher than the UAE’s average price, sources told Reuters.
Chevron Corporation, the American multinational energy corporation, and JX Nippon Oil and Gas Exploration Corporation, the Japanese petroleum company, could be the be the two buyers.
The first cargo is expected to be loaded on 6 and 7 December, while the second shipment might be loaded on 26 and 27 December.
QP, the world’s biggest supplier of liquefied natural gas (LNG), gave no further details on the price of the cargoes.
Al-Shaheen is considered the Qatari firm’s largest oil field with a production capacity of 300,000 barrels per day.