1 Mar 2012 14:51

TNK-BP, Malaysia's Petronas finalize one-year contract for ESPO oil supplies

MOSCOW. March 1 (Interfax) - TNK-BP has finalized a one-year contract with Malaysian company Petronas on supplying 100,000 tonnes per month of the Eastern Siberia-Pacific Ocean (ESPO) oil blend from the Port of Kozmino, a TNK-BP representative told Interfax.

TNK-BP will start supplying ESPO oil for Petronas in the second quarter of this year. It started selling ESPO oil to Petronas last year. In December 2011, it concluded an agreement with the Malaysian company to supply 100,000 tonnes of oil in February 2012.

Last year, TNK-BP shipped 3.593 million tonnes of ESPO oil from Kozmino, double the amount it shipped in 2010.