Saturday, 16 February 2019 | 05:10
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Rosneft awards jumbo tender to sell Urals and CPC Blend – sources

Tuesday, 12 February 2019 | 12:00

Russian oil firm Rosneft has awarded a jumbo tender to sell Urals and CPC Blend crudes loading from Russian ports in April-September to trading firms Glencore, Trafigura and China’s CEFC, four trade sources told Reuters.

Rosneft awarded Glencore with 1.2-7.2 million tonnes of Urals crude loading from Primorsk and Ust-Luga in April-September, they said.

The premium to the price formula paid for the lot was around 20 cents per barrel, slightly firmer than was offered by Total – the winner of the previous tender for Urals loading from Baltic ports in October 2018-March 2019.

Trafigura was awarded with 840,000 tonnnes-2.52 million tonnes of Urals loading in 140,000-tonne cargoes from the Black Sea’s Novorossiisk and 480,000 tonnes-1.35 million tonnes of CPC Blend, traders said. The trading firm was also awarded the same lots in the previous tender.

China’s CEFC won 480,000-960,000 tonnes of Urals in 80,000-tonne cargoes loading from Novorossiisk, also as in the previous tender, traders said.
Source: Reuters (Reporting by Olga Yagova; Editing by Mark Potter)

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