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Rosneft awards tender to sell CPC Blend in Oct 16 - Mar 17 to Mitsubishi and BP - trade

Tue, 20th Sep 2016 15:36

MOSCOW, Sept 20 (Reuters) - Russia's top oil producerRosneft awarded a six-month export tender to sellbetween 0.48 million tonnes and 1.62 million tonnes of CPC Blendto Mitsubishi and BP, traders familiar with thetender results said on Tuesday.

The tender is for loadings between October 2016 and March2017.

Rosneft has held three rounds of the tender and closed thelast one on Friday last week.

The winners of the tender offered Rosneft a premium of around$0.40-0.50 a barrel, traders said.

The premium is applied to the price formula which includesan average of all dated Brent quotations, CPC Blend spreadquotations and the freight on Black Sea - Med destination withinnominated month of delivery. (Reporting by Olga Yagova; editing by Vladimir Soldatkin)

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