UPDATE 1-Argentina refiners buy Nigeria crude, 2nd foreign cargo this year

miércoles 18 de mayo de 2016 17:44 GYT

(Adds details, context on buyers of the cargo)

By Marianna Parraga and Juliana Castilla

HOUSTON/BUENOS AIRES May 18 (Reuters) - A 1-million-barrel cargo of Nigeria's Bonga medium crude oil is expected to be discharged in Argentina this week, the second crude import by firms operating in the South American country this year to secure oil supplies for their refineries, according to industry sources and Reuters data on Wednesday.

The new government of President Mauricio Macri is in talks between oil producers and refiners to make sure Argentina's total output of light crude is processed at domestic plants, lowering demand for imported oil.

But because of quality issues - Argentina has a surplus of heavy crude that is regularly exported, but it does not produce enough light grades - refining companies plan to import at least 3 million barrels of crude this year, mostly from Africa.

Suezmax tanker Front Njord, which loaded in early May at Bonga Offshore Terminal, will arrive this week in Argentina's Bahia Blanca port, according to Reuters vessel tracking data.

Several refinery operators in Argentina including Royal Dutch Shell arranged the purchase, the oil firm told journalist last week in Houston without providing more details.

A source from one of the refineries involved in the purchase added that Brazil's Petrobras, Argentina's Oil Combustibles and Axion Energy, partially owned by China's CNOOC , also participated in the deal to secure supplies.

Shell, Petrobras, Axion Energy and Oil Combustibles operate Buenos Aires, Bahia Blanca, San Lorenzo and Campana refineries with a joint capacity of some 260,000 barrels per day (bpd).   Continuación...