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Surgutneftegaz awards May ESPO Blend to Vitol, BP

Russia’s Surgutneftegaz awarded a spot tender to sell 300,000 tonnes of ESPO Blend loading from Far East Kozmino port in the first half of May at a premium of $2.45-$2.55 a barrel to May Dubai swaps, traders said.

The producer sold an ESPO Blend cargo of 100,000 tonnes loading on May 13-17 to BP at Dubai plus $2.50-$2.55 a barrel and two cargoes loading on May 5-9 and 9-13 to trading firm Vitol at Dubai $2.45-$2.55 a barrel, traders said.

The price level of the deals were higher than the previous estimates by some 20-25 cents a barrel, Reuters monitoring showed.

Surgutneftegaz closed a tender to sell another three cargoes of ESPO Blend loading from Kozmino in the second half of May. The tender results are expected to emerge later on Wednesday.
Source: Reuters (Reporting by Olga Yagova Editing by Edmund Blair)

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