TNK-BP Said to Sell July ESPO to Trafigura at $4-$4.30 Premium

TNK-BP, the Russian oil producer part-owned by BP Plc (BP/), sold a cargo of East Siberia Pacific Ocean crude loading in July to Trafigura Beheer BV, said four traders who participate in the market, declining to be identified because the information is confidential.

Trafigura paid a premium of $4 to $4.30 a barrel above the benchmark price of Dubai oil, according to the traders.

Details of the deal are as follows:

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Crude:        ESPO (Russia)
Price:        Premium of $4 to $4.30 a barrel to Platts Dubai
Loading:      July 22 to July 25
Buyer:        Trafigura
Seller:       TNK-BP
Quantity:     100,000 tons (730,000 barrels)
Port:         Kozmino Terminal, Russia’s Far East
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To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

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

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