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SK Said to Buy Vityaz Crude for March at $6.50 to $6.60 Premium

SK Innovation Co. (096770) bought 730,000 barrels of Vityaz Blend crude from Sakhalin Energy Investment Co. at a premium of $6.50 to $6.60 a barrel to Dubai oil prices, according to two people who participate in the market.

The cargo was offered via tender and will load from March 19-26, said the people, who asked not to be identified because they aren’t authorized to speak to the media.

Sakhalin Energy also sold four shipments for March and April loading through direct negotiations with buyers, the two people said. It sold a February cargo last month at a premium of about $5.50 a barrel.

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

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