ONGC Videsh Offers Russian Sokol Crude Oil for February Loading

ONGC Videsh Ltd., the overseas unit of India’s biggest explorer, is offering to sell Russia’s Sokol crude for loading in February, according to a document sent to potential buyers.

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Crude oil:    Sokol
Quantity:     700,000 barrels
Loading:      Feb. 1 to Feb. 4
Port:         DeKastri, Sakhalin-1
Bids close:   Dec. 9
Bid validity: Dec. 10, 6:30 p.m. India time
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ONGC Videsh, a wholly owned unit of Oil & Natural Gas Corp., is entitled to a share of Sokol output from the Sakhalin-1 project because it’s one of the investors. The other partners are Exxon Neftegas Ltd., Japan’s Sakhalin Oil & Gas Development Ltd. and two affiliates of Russia’s OAO Rosneft.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net

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