Shell, BP win six-month Russian naphtha tender
A BP petrol station sign is seen at dawn in west London October 25, 2011.
Credit: Reuters/Toby Melville
LONDON |
LONDON (Reuters) - Shell and BP have been awarded a six-month supply tender from the Russian port of Tuapse at premiums to regional quotes, several traders said on Monday.
According to one source, the deal was sealed at premiums of $4 (2.52 pounds) a tonne over mean Mediterranean quotes, calculated as the mean between fob and cif prices.
"That's a strong number," said another naphtha trader who operates in the region.
Each company was awarded three cargoes per month between May and October, a third naphtha trader said.
(Reporting by Jessica Donati)
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