Surgutneftegaz awards 300,000 T of Baltic Urals to Petraco, Total and Shell

Rishabh Digha Steel and Allied Products

18/05/2021 15:05

MOSCOW, May 18 (Reuters) - Russia's Surgutneftegaz  SNGS.MM 
sold 300,000 tonnes of Urals crude to Petraco, Total  TOTF.PA 
and Shell  RDSa.L  in a spot tender, loading from Primorsk and
Ust-Luga in June, traders said on Tuesday.
    Petraco won the right to lift 100,000 tonnes of the grade
from Primorsk over June 1-2, Shell will load one cargo of the
same size from Primorsk over June 4-5 and Total was awarded a
100,000 tonne parcel from Ust-Luga over June 2-3, they added.
    The cargoes were sold at about dated Brent minus $2.75-$2.70
a barrel when adding freight to an original free-on-board (FOB)
differential, some 20-25 cents a barrel above the price of
yesterday's deal in the Platts window, according to trade
sources.
    Surgutneftegaz awards its tenders on an FOB basis.
    Urals oil loadings from Russia's Baltic ports are set at 0.7
million tonnes for June 1-5, down from 0.9 million tonnes for
May 1-5, the provisional schedule showed on Monday. urn:newsml:reuters.com:*:nL3N2N42ES
    The tender closed on Tuesday at 1400 Moscow time (1100 GMT).

 (Reporting by Gleb Gorodyankin and Olga Yagova
Editing by David Goodman
)
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