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Sudan sells Dar blend load for January at weaker differentials

December 11, 2009 (PARIS) – The Sudanese state oil firm (Sudapet) has sold 2.6 million barrels of heavy sweet Dar Blend crude for January loading at weaker differentials, traders told Reuters this week.

Sudapet awarded a 1.0 million-barrel cargo each to Chinaoil and European trader Vitol, as well as a 600,000-barrel cargo to Middle East trading company FAL Oil, they said.

Differentials fetched for the January cargoes were between a discount of $9.00 and $9.70, weaker than a discount of around $8.30 fetched for December Dar Blend cargoes that Sudapet sold.

Dar Blend crude is heavily discounted because of its high acid content, which makes it unattractive to most Asian refiners. U.S. sanctions against the purchase of Sudanese goods also keep many companies away.

(ST)