NEW DELHI, July 26 (Reuters) - India's ONGC Videsh has sold
its first parcel of Azeri Light crude for Aug 29-31 lifting at a
premium of about $2.70 a barrel to dated Brent, two sources
privy to the deal said on Friday.
ONGC Videsh, the overseas investment arm of state-run
explorer Oil and Natural Gas Corp, sold the
600,000-barrel cargo from Ceyhan terminal in Turkey through a
tender to Statoil, they said.
Hess Corp completed in April its sale of a 2.72
percent stake in the Azeri, Chirag and Guneshli (ACG) group of
oilfields in Azerbaijan as well as its 2.36 percent stake in an
associated pipeline to ONGC for $1 billion.
ONGC Videsh on Friday also awarded a tender to sell 700,000
barrel Russian Sokol crude cargo for Sept. 28-Oct. 1 lifting at
a higher premium than its previous sale.
The Sokol cargo has been awarded to Unipec at a premium of
about $8 a barrel to Oman/Dubai quotes, the sources said.
Previously, ONGC Videsh sold a similar sized cargo for
end-August lifting to Vitol at a premium of about $6.5 a barrel
to Oman/Dubai quotes.
(Reporting by Nidhi Verma; editing by James Jukwey)