Rosneft Issues Tender to Sell 540,000 Tons of CPC Blend Oil
OAO Rosneft, Russia’s largest oil producer, offered to sell 540,000 metric tons of CPC Blend crude for loading from January to April, according to a tender document obtained by Bloomberg News.
All cargoes will be for 80,000 tons to 90,000 tons each, the document showed. The tender will close on Nov. 28.
A pipeline operated by Chevron Corp.-led Caspian Pipeline Consortium carries crude from Kazakhstan’s western fields to a terminal close to Russia’s Novorossiysk port on the Black Sea. The grade transported on this link is called CPC Blend.
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