Surgutneftegaz Awards 380,000 T of February Urals

January 28, 2020

Russia's Surgutneftegaz awarded 380,000 tonnes of Urals crude oil loading from the Black Sea port of Novorossiisk and the Baltic's Ust-Luga in February, traders said.

A cargo of 100,000 tonnes loading from Ust-Luga over Feb. 19-20 was sold at dated Brent minus $1.80 a barrel when adding freight to an original FOB differential, traders said. French oil major Total was the buyer, they said.

© Vladimir / Adobe Stock
© Vladimir / Adobe Stock

Surgutneftegaz also awarded two Urals cargoes of 140,000 tonnes each for loading from Novorossiisk Feb. 15-16 and Feb. 17-18. A trading company won both cargoes, traders said, though details were slow to emerge.

(Reporting by Olga Yagova Editing by David Goodman)

Related News

UK Imposes Sanctions Over Russia-North Korea ‘Arms-for-oil’ Trade Oil Spill Contained After Barge Slams Bridge in Galveston US Says Warship Intercepted Houthi Missile, Merchant Vessel Untouched Containership Lost Power Several Times Before Striking Bridge in Baltimore UK Confirms It Will Build Six New Warships