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Kenya buys over 0.3 tons oil products

25 July 2012, 11:59

Singapore - Kenya bought more than 340,000 tonnes of oil products for August and September, nearly one fifth above what it bought for July and slightly more than it initially required, traders said on Wednesday.

The country's energy ministry bought 50,000 tonnes of jet fuel for delivery over August 19-21 and 59,411 tonnes for delivery over September 22-24 from Addax Kenya at premiums of $23.78 and $18.66 a tonne over Middle East quotes, respectively.

It also bought two gasoline cargoes of 45,338 tonnes each for delivery over September 13-15 and September 28-30 from Gapco.

It paid premiums of $5.94 and $16.50 a tonne, respectively, for the cargoes.

For the 500 ppm sulphur gasoil, Kenya bought two parcels of 64,500 tonnes each from Gapco and Addax Kenya for delivery into Kipevu Oil Terminal over September 2-4 and September 19-21 at premiums of $36.30 and $29.45 a tonne over Middle East quotes respectively.

It also bought 19,050 tonnes of a similar grade for delivery into Shimanzu Oil Terminal at a premium of $64.29 a tonne from Galana.


Tags energy

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