ONGC Videsh Offers Russian Sokol Crude Oil for February Loading
By Ann Koh -
2010-12-02T08:22:38Z
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.
----------------------------------------------------------- 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 -----------------------------------------------------------
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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