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Rosneft Said to Sell 100,000 Tons of April Sokol Crude to Shell

Friday, 17 February 2012 | 16:30
Rosneft Oil Co. (ROSN) sold Russia’s Sokol crude for loading in March to Royal Dutch Shell Plc at a premium to the Dubai benchmark of about $7.50 a barrel, according to three traders who participate in the market. They declined to be identified because the information is confidential.
Details of the sale are as follows:
Crude:          Sokol (Russia)
Buyer:          Shell
Quantity:     100,000 tons, or 730,000 barrels
Loading:      April 1-10
Port:            DeKastri Terminal, Russia’s Far East
Price:           About $7.50 a barrel premium to Dubai crude price
                    published by pricing service Platts.
Source: Bloomberg
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