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)

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