Qatar’s Woqod issues tender to buy bitumen
State-controlled Qatar Fuel's subsidiary Woqod has issued its third tender this year to import 12,000-15,000t of bitumen for delivery from 25 April to 5 May.
The tender closes on 8 April. It will be finalised on the average of Argus or Platts' spot assessments plus premium basis. The price is to be converted to a fixed price. The tender did not specify which Argus bitumen price will be used in the pricing formula, and Woqod could not be reached for comment.
Woqod's last tender was awarded to Singapore-based Puma Energy, which delivered the first of two cargoes to Mesaieed port in Qatar today. The 14,911t vessel The Sheriff loaded a cargo from Singapore for Qatar. The second cargo is coming from the Mediterranean.
Woqod has been importing around 15,000-20,000 t/month of bitumen as it gears up to finish road construction projects ahead of the 2022 Fifa World Cup. Bitumen sales have slowed in Qatar because of the Covid-19 outbreak, although it has not imposed a formal or partial lockdown, unlike other Gulf Co-operation Council (GCC) countries.
Qatar's import demand has been met by deliveries from the Mediterranean since November 2018, with supplies mostly coming from Vitol and Puma.
By Aabha Gandhi
source: Argus Media
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years