TNK-BP Said to Sell July ESPO to Trafigura at $4-$4.30 Premium
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Jun 13, 2012
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:
------------------------------------------------------------- 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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