Bloomberg News

Rosneft Offers Urals Crude for April to September in Tender

March 13, 2012

OAO Rosneft issued a tender to sell Russian Urals crude for loading from April to September from two ports, according to three traders who participate in the market.

Russia’s largest oil producer offered to sell as much as 7.2 million metric tons for loading from the Baltic Sea port of Primorsk, said the people, who declined to be identified because they aren’t authorized to speak on the matter.

Rosneft also offered as much as 2.52 million tons of Urals in 140,000-ton lots, and 2.4 million tons in 80,000-ton shipments from Novorossiysk on the Black Sea, the people said.

The tenders closed yesterday, with bids valid until March 15. Details of the sale are as follows:

-----------------------------------------------------------
Crude:        Urals
Quantity:     3 million tons to 7.2 million tons
Cargo Size:   100,000 tons
Loading:      April to September
Port:         Primorsk, Baltic Sea
Bids close:   March 12
Validity:     March 15
-------------------------------------------------------------
Crude:        Urals
Quantity:     840,000 tons to 2.52 million tons
Cargo Size:   140,000 tons
Loading:      April to September
Port:         Novorossiysk, Black Sea
Bids close:   March 12
Validity:     March 15
-------------------------------------------------------------
Crude:        Urals
Quantity:     960,000 tons to 2.4 million tons
Cargo Size:   80,000 tons
Loading:      April to September
Port:         Novorossiysk, Black Sea
Bids close:   March 12
Validity:     March 15
-------------------------------------------------------------

To contact the reporters on this story: Sherry Su in London at lsu23@bloomberg.net; Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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