April 24, 2018 / 2:59 PM / 10 months ago

Russia's Surgut awards Shell with 1.2 million tonnes of Urals oil in tender: trade

MOSCOW (Reuters) - Russia’s Surgutneftegaz has awarded a tender on Monday to sell 1.2 million tonnes of Urals crude oil loading from Baltic ports in July-December to Shell, traders said.

Shell will receive 200,000 tonnes of Urals per month from Primorsk or Ust-Luga.

According to market participants, the premium to the price formula paid by the winner was a touch above $0.30 a barrel, slightly below the price level achieved in the previous tender.

Shell was also the winner of Surgutneftegaz previous tender for Urals loading in January-June.

Reporting by Olga Yagova' editing by Vladimir Soldatkin

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