Bloomberg News

ONGC Offers to Sell Russian Sokol Crude for Loading in October

July 22, 2012

ONGC Videsh Ltd. (ONGC) is seeking to sell 700,000 barrels of Russia’s Sokol crude for October loading, according to a document e-mailed to potential buyers.

The company is a wholly owned unit of Oil & Natural Gas Corp., India’s largest explorer. Details of the offer are as follow:

-----------------------------------------------------------
Crude:        Sokol
Quantity:     700,000 barrels
Loading:      Oct. 3 to Oct. 6
Port:         DeKastri Terminal, Russia’s Far East
Bids open:    July 25, 9:30 a.m. New Delhi time
Bid validity: July 26, 6:30 p.m. New Delhi time
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To contact the reporter on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net

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


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