Bloomberg News

TNK-BP Said to Offer 100,000 Tons of ESPO Oil for August Loading

June 21, 2012

Russia’s TNK-BP (TNBP) offered to sell 100,000 metric tons of East Siberia-Pacific Ocean crude, or ESPO, for loading Aug. 6 to Aug. 10, said two traders who participate in the market, asking not to be identified because the information is confidential.

Details of the offer are as follows:

---------------------------------------------------------------
Crude:        ESPO (Russia)
Quantity:     100,000 tons (730,000 barrels)
Loading:      Aug. 6 to Aug. 10
Pricing:      Platts Dubai, free-on-board
Seller:       TNK-BP
Port:         Kozmino Bay Terminal, Russia’s Far East
Bids due:     June 21, 2 p.m. Moscow time
Validity:     June 22, 6 p.m. London time
--------------------------------------------------------------

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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