Russia’s Rosneft sells 1.9m tonnes naphtha for May-Oct loading

05 April 2013 08:49  [Source: ICIS news]

SINGAPORE (ICIS)--Russia’s Rosneft has sold by tender 1.9m tonnes of naphtha for loading from May to October this year, traders said on Friday.

The deals for the cargoes were done at around a premium of $35/tonne (€27/tonne) to Japan quotes FOB (free on board), they added.

The buyers are Japan’s JX Nippon Oil & Energy as well as Malaysia’s PETCO, traders said.

Rosneft sold 1.2m tonnes of naphtha from Tuapse; 300,000 tonnes from Vanino; and 400,000 tonnes from Nakhoda, traders said.

Rosneft last sold by tender a total of 2.16m tonnes of naphtha for supply from November 2012 to April 2013. The deal for the cargoes was done at a premium of more than $22/tonne to Japan quotes FOB.

The loading ports are Tuapse, Nakhodka and Vanino.

($1 = €0.78)

By: Felicia Loo

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