The U.S. oil major bid for the cargoes of the ultra light oil at more than $2 a barrel above Dubai quotes, the sources said, adding that other buyers had intended to pay a premium of less than $2.
The cargoes will load from July to September.
The higher-than-expected bid was likely due to expectations that condensate exports from the Middle East could tighten as Qatar resumed operations at its Ras Laffan splitter last week and Iran recently started up a new splitter, the sources said.
AdvertisementEarlier this month, ExxonMobil said it reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia.
(Reporting by Florence Tan; Editing by Subhranshu Sahu) ((Florence.Tan@thomsonreuters.com; +65 6870 3497; Reuters Messaging: firstname.lastname@example.org))
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