Russia Sakhalin Energy offers Vityaz cargo
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Philomena [2011-05-20]
TOKYO - Russia's Sakhalin Energy has issued a tender to sell a 730,000-barrel cargo of light sweet Vityaz crude for loading between late March and early April, a trader said on Monday.
The tender for the cargo, which is scheduled to load between March 27 and April 3, closes on January 19.
Sakhalin Energy has already sold at least three cargoes of March-loading Vityaz, with two cargoes going to China and one heading to South Korea, at premiums between $1.60 and $1.70 a barrel to Dubai quotes, the trader added.
Those differentials are up from last month when the firm sold several February-loading cargoes at a premium between $1.20 and $1.30.