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.