Rosneft Said to Sell 100,000 Tons of Sokol Crude to Vitol

Rosneft Oil Co. (ROSN) sold Russia’s Sokol crude for loading in March to Vitol Group at a premium to the Dubai benchmark of about $9 a barrel, according to four traders who participate in the market. They declined to be identified because the information is confidential.

Details of the sale are as follows:

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Crude:        Sokol (Russia)
Buyer:        Vitol
Quantity:     100,000 tons, or 730,000 barrels
Loading:      March 17-26
Port:         DeKastri Terminal, Russia’s Far East
Price:        About $9 a barrel premium to Dubai crude price
              published by pricing service Platts.
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To contact the reporters on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net; Christian Schmollinger in Singapore at christian.s@bloomberg.net

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

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