IndianOil issues Nigerian crude swap tender
New Delhi   14-Oct-2008
IndianOil has issued the annual Nigerian crude swap tender for 2009, a trade source said on Monday. The tender will close on October 13 with bids remaining valid until October 16. For the current year, the tender was awarded to Trafigura at a discount of around 7 cents a barrel to Nigeria National Petroleum Corp's (NNPQ official selling crude price. IndianOil started the swap contract at the end of 2004 as it does not always require all the grades offered by NNPC.