Business

Yemen To Sell 600,000 Barrels By March

National YEMEN

The flame of the oil in the Yemen oilfield

National Yemen
The Yemeni government confirmed that Yemen has committed to selling 600,000 barrels of Masila crude by March at the official selling price to Unipec, the trading arm of Sinopec, China’s largest refiner.

Yemen has sold approximately 2.5 million barrels of Masila crude to Arcadia, a European trader, earlier this month, and offered the remaining 600,000 barrels for sale by March.

Yemen set the official selling price of its Masila crude for loading in March at a premium of $2.15 a barrel to dated Brent, down 78 cents from the previous month, the government said on Sunday.
The government has also set the March OSP for Marib Light crude at parity to dated Brent, steady from the previous month.