Bloomberg News

TNK-BP Sells Russia’s ESPO Crude at Premium of $4 to $4.30

May 17, 2012

Russian oil producer TNK-BP sold a cargo of East Siberia-Pacific Ocean crude for late-June to July loading at a premium of $4 to $4.30 a barrel above benchmark Dubai oil to Royal Dutch Shell Plc (RDSA), said two traders who participate in the market, declining to be identified because the information is confidential.

The details of the deal are as follows:

-----------------------------------------------------------
Crude:        ESPO (Russia)
Price:        Premium of $4 to $4.30 a barrel to Platts Dubai
Loading:      June 30 to July 3
Buyer:        Shell
Quantity:     100,000 tons (730,000 barrels)
Port:         Kozmino Terminal, Russia’s Far East
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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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