Bloomberg News

Marubeni Said to Offer Russia’s Sokol Crude for Late August

June 08, 2012

Marubeni Corp. (8002) is offering 95,000 metric tons of Russian Sokol crude for loading from Aug. 25 to Aug. 30, according to two traders who participate in the market, declining to be identified because they aren’t authorized to speak to the media.

Marubeni is marketing the cargo on behalf of SODECO, a Japanese consortium that owns 30 percent of the Sakhalin-1 project that produces Sokol crude.

Details of the offer are as follows:

-----------------------------------------------------------
Crude:        Sokol (Russia)
Quantity:     95,000 tons
Loading:      Aug. 25 to Aug. 30
Pricing:      Platts Dubai
Seller:       Marubeni
------------------------------------------------------------

To contact the reporters on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net; Christian Schmollinger in Singapore at christian.s@bloomberg.net

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


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