July 12, 2007
So this is what all the fuss is about...
It is a dollop of Sudanese oil - Dar Blend crude no less - contained in a tasteful paperweight handed out at yesterday's opening of the country's new export terminal at Port Sudan.
According to Reuters:
The Dar Blend field is operated by Petrodar, a consortium comprising China National Petroleum Corp. (CNPC) with a 41 percent stake, Malaysia’s Petronas [PETR.UL] with 40 percent, and state oil firm Sudapet with 8 percent. China Petroleum & Chemical Corp. (Sinopec) holds 6 percent of Petrodar, while Al Thani Corp., a private company incorporated in the United Arab Emirates, owns 5 percent.
The "acidic" Dar Blend is of lower quality than Sudan's premium Nile Blend crude.
So oil comes in different flavours. Who knew?
Posted by aheavens at July 12, 2007 3:06 PM