Sunday, November 17, 2024

Lukoil Wins 6-month Urals Crude Oil Tender from Surgut

Posted by November 19, 2014

The trading arm of Russian energy giant Lukoil has won a major six-month Urals crude oil tender from Surgutneftegaz, three trade sources said on Wednesday.

The tender will provide Lukoil's trading arm, Litasco, with 1.2 million tonnes of Urals crude over the period, the equivalent of almost 50,000 barrels per day.

The sources said the tender was awarded at between 30 and 40 cents a barrel above the formula price.

(Reporting by Gleb Gorodyankin in Moscow, David Sheppard and Dmitry Zhdannikov in London, editing by David Evans)

Related News