MOSCOW/SINGAPORE (Reuters) - Rosneft (MM:ROSN) has allocated ESPO Blend crude supplies in April to European trader Trafigura, leaving none for China's CEFC which has a long-term deal to buy oil from the Russian oil giant, four people with knowledge of the matter told Reuters.
Trafigura received six cargoes for April loading and the Swiss commodities trading house could become the major lifter of Rosneft's ESPO crude this year, replacing CEFC, two of the sources said.
The changes indicated that Rosneft's deal with CEFC which was supposed to end in 2022 might have been adjusted or even terminated earlier than expected, the sources said.