SINGAPORE, Aug 23 (Reuters) - Chinese refiner Rongsheng
Petrochemical has bought 1.65 million barrels of
Canadian crude oil to be exported from the Trans-Mountain
pipeline for delivery in November, including its first cargo of
Kearl Lake crude, trade sources said on Friday.
The mega refiner has become a regular buyer of the heavy
sour Canadian crude since the newly expanded Trans-Mountain
pipeline started operations in May.
The rare 550,000-barrel cargo of heavy sour Kearl Lake crude
was sold by Exxon Mobil Corp ( XOM ), the sources said. One of
them added that the cargo was sold at a discount between $5.50
and $6 a barrel to ICE Brent.
Rongsheng Petrochemical also bought two 550,000-barrel
cargoes of Canadian Access Western Blend (AWB) crude from Totsa,
the trading arm of TotalEnergies, at discounts of
$5-$6 a barrel to ICE Brent, the sources said.
Kearl Lake crude has an API gravity of 19.5 and contains
4.1% sulphur. It is also a highly acidic grade, similar to AWB.
Companies typically do not comment on their deals.