Bloomberg News

Russia’s Rosneft Sells Late-June ESPO Cargo at $4.36 Premium

May 02, 2012

Russian oil producer OAO Rosneft (ROSN) sold 100,000 metric tons of East Siberia-Pacific Ocean crude for June loading to JX Nippon Oil & Energy Corp., said two traders who participate in the market, declining to be identified because the information is confidential.

The shipment was sold at a premium of $4.36 a barrel more than benchmark Dubai oil prices, said one of the traders.

Details of the offer are as follows:

-----------------------------------------------------------
Crude:        ESPO (Russia)
Price:        Premium of $4.36 a barrel to Platts Dubai
Loading:      June 21-24
Buyer:        JX Nippon
Quantity:     100,000 tons (730,000 barrels)
Port:         Kozmino Terminal, Russia’s Far East
-----------------------------------------------------------

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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