The United Arab Emirates is putting 1.7 million barrels of Saudi crude up for sale in a rare tender.
The Ministry of Energy of the United Arab Emirates is offering for sale 1.7 million barrels of Saudi Arabian crude oil in an unusual tender, according to a document.
Sources said the UAE is selling the oil aboard the Gem No. 2 tanker, which was hit by an unidentified missile last month.
Last week, the United Arab Emirates announced that the Stone No. 2 oil spill had been contained.
The tender identifies the UAE Ministry of Energy and Infrastructure as the seller, under the judicial supervision of the UAE Federal Prosecution. The tender closed on Monday, with the cargo scheduled to be loaded between November 10 and 20 via a ship-to-ship transfer within the Gulf, the document shows.
(Reuters).