*
Dangote achieves milestone with U.S. market-compliant
gasoline
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Glencore ( GLCNF ) sells second Dangote cargo to Shell, arriving
September
19
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Third Dangote cargo to the U.S. bought by Vitol
By Shariq Khan
NEW YORK, Sept 15 (Reuters) - Top global oil trader
Vitol and North American fuel distributor Sunoco ( SUN ) took
delivery of the first U.S. import of gasoline from Nigeria's new
Dangote refinery on Monday, according to vessel-tracking data
and two sources familiar with the matter.
The delivery, on the tanker Gemini Pearl, marks a major
milestone for the 650,000 barrel-per-day Dangote refinery, as
energy market participants had been waiting to see when its
production would start meeting strict U.S. motor fuels
standards.
Vitol purchased the Gemini Pearl's cargo of around 320,000
barrels of gasoline from Geneva, Switzerland-based Mocoh Oil,
and sold most of it to Sunoco ( SUN ), according to one source and
ship-tracking data. It was not immediately clear what volume
Vitol sold to Sunoco ( SUN ) and how much it will keep.
The vessel discharged at Sunoco's ( SUN ) Linden facility in the New
York Harbor area, vessel-tracking data showed.
The sources requested anonymity to discuss confidential
details. Vitol and Sunoco ( SUN ) did not immediately respond to
requests for comment.
Reuters is the first to report the parties involved in these
trades.
Mocoh Oil, which earlier this year confirmed a partnership
with Dangote to export products from the refinery, did not
immediately comment outside of business hours in Switzerland.
After a string of startup delays, the Dangote refinery, one
of the world's biggest, has reshaped global energy flows by
ramping up output sharply since last year. It is expected to
significantly reduce Nigeria's fuel imports, while exporting its
surplus mainly to Europe.
A second cargo of gasoline from Dangote to the U.S. was sold
by Glencore ( GLCNF ) to Shell on the vessel MH Daisen,
which is set to arrive in the New York Harbor area around
September 19, one of the sources said and ship-tracking data
showed.
Glencore ( GLCNF ) declined to comment, and Shell did not immediately
respond.
Vitol also purchased from Mocoh a third cargo of gasoline
made by the Dangote refinery, with the vessel Seaexplorer set to
deliver that in the New York Harbor area around September 22,
the sources said.
The sources said the destination of the undelivered cargoes
could change based on market conditions.
While the cargoes back expectations that the Dangote
refinery is set to sharply alter global energy trade, they are
likely to be the only ones for a while. The refinery's
gasoline-producing unit could be shut for two to three months
for repairs, industry monitor IIR Energy said earlier this
month.
Dangote did not respond to Reuters' earlier requests for
comment on the outage.