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Vitol to charter supertankers from US to Nigeria's Dangote refinery
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Vitol to charter supertankers from US to Nigeria's Dangote refinery
Apr 26, 2024 9:22 AM

By Arathy Somasekhar

HOUSTON, April 26 (Reuters) - Commodities trader Vitol

has agreed to charter two supertankers to deliver

crude oil to Nigeria's giant Dangote refinery from the U.S. in

May, according to a shipping source and fixtures data this week.

Vitol is looking to charter Marshall Islands-flagged very

large crude carrier Water Tiger for about $3.95 million to ship

oil from the U.S. Gulf Coast to Nigeria between May 13 and May

16, a shipping source said.

It also is considering a charter of Liberia-flagged Hafeet

to Nigeria from the U.S. Gulf Coast between May 15 and May 20,

according to the source and fixtures contracts seen by Reuters.

Vitol has agreed to charter the vessels, but contracts are

yet to be signed, the source said.

Vitol did not immediately respond to a request for comment

The agreements come as Chinese state energy major PetroChina

has a cargo of U.S. crude that has been waiting to

unload at Nigeria's new refinery for nearly a month due to

payment issues, according to four trading sources and shipping

data.

Potential sellers of U.S. WTI crude to Dangote have been

confronted with payment terms involving a 60 to 90 day credit or

an exchange of refined products for the crude oil, three of the

sources said. Credit terms for oil deals are typically 30 days.

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