April 16, 2012 / 3:24 PM / in 5 years

Shell, BP win six-month Russian naphtha tender

1 Min Read

<p>A BP petrol station sign is seen at dawn in west London October 25, 2011.Toby Melville</p>

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below