Rosneft Offer to Sell November ESPO Crude Goes to Second Round

OAO Rosneft, Russia’s largest oil producer, will close the second round of a tender today to sell two 100,000 metric-ton cargoes of East Siberia-Pacific Ocean oil known as ESPO, three people who participate in the market said.

The shipments are loading Nov. 16 to Nov. 20 and Nov. 20 to Nov. 23. The offer was originally scheduled to close yesterday. It has been extended to a second round of bidding, according to the people, asking not to identified because they aren’t authorized to speak to the media.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.