HOUSTON, March 12 (Reuters) - Three cargoes of Russian East Siberian Pipeline oil are coming in April and May to a U.S. West Coast refiner, possibly the first to reach the U.S. mainland, traders said.
Neither the price nor the name of the buyer were disclosed.
Russia has been marketing the medium heavy sweet crude blend, dubbed ESPO, since late last year, loading tankers at the Far Eastern port of Kozmino.
The first cargo shipped in December 2009. March loadings were expected to top 7 million barrels, about 1 million tonnes.
The three April-May cargoes may be the first to the U.S. West Coast, sources said. Trade sources had said ESPO might have headed to Hawaii in January and February [ID:nSGE61202Y].
Tesoro Corp (TSO.N) and Chevron (CVX.N) have refineries in Hawaii. Tesoro, Chevron, BP (BP.L), Exxon Mobil (XOM.N) and Valero (VLO.N) are major refiners on the West Coast.
Russia has said it plans to export 3.1 million tonnes of ESPO crude during the first quarter this year.
Source: http://www.reuters.com/article/idUSN1244307520100312?type=marketsNews
Neither the price nor the name of the buyer were disclosed.
Russia has been marketing the medium heavy sweet crude blend, dubbed ESPO, since late last year, loading tankers at the Far Eastern port of Kozmino.
The first cargo shipped in December 2009. March loadings were expected to top 7 million barrels, about 1 million tonnes.
The three April-May cargoes may be the first to the U.S. West Coast, sources said. Trade sources had said ESPO might have headed to Hawaii in January and February [ID:nSGE61202Y].
Tesoro Corp (TSO.N) and Chevron (CVX.N) have refineries in Hawaii. Tesoro, Chevron, BP (BP.L), Exxon Mobil (XOM.N) and Valero (VLO.N) are major refiners on the West Coast.
Russia has said it plans to export 3.1 million tonnes of ESPO crude during the first quarter this year.
Source: http://www.reuters.com/article/idUSN1244307520100312?type=marketsNews
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