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TNK-BP to Sell Half of ESPO Crude on Contract, IOD Says

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Feb. 22 (Bloomberg) -- TNK-BP plans to sign a two-year sales contract for its East Siberia Pacific Ocean crude with a national oil company, the International Oil Daily reported, citing a company official.

The contract would be for about half of the ESPO volumes that the company exports from the Port of Kozmino off Russia’s coast, Jonathan Kollek, a TNK-BP vice president, said in London yesterday, according to the IOD. The company may sell as much as 20,000 barrels a day under the deal, the IOD said.

The buyer may be a national oil company in the Asia-Pacific region, the IOD said without explaining where it got the information.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

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

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