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ONGC sells Sokol crude to ExxonMobil

Oil and Natural Gas Corp. (ONGC) has awarded its third tender to sell 700,000 barrels of Sokol crude from Russia's Sakhalin-1 oilfield to ExxonMobil at a $4-4.25 premium to Oman/Dubai quotes, a trading source said on Tuesday.

ExxonMobil is the operator of the Sakhalin-1 oilfield with 30 percent stake, while a Japanese consortium of traders and energy firm called Sodeco owns another 30 percent. Russian state oil firm Rosneft and ONGC hold 20 percent each.

© Reuters

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