The trading arm of Russia's state oil firm Rosneft bought three cargoes of Egypt's heavy sour Ras Gharib grade, the first time the company has bought Egyptian crude, trading sources familiar with the matter said.
Geneva-based Rosneft Trading won the cargoes loading in April, May and June via a sell tender by Egypt's state owned EGPC that closed on Feb. 24.
EGPC sold a total of seven cargoes, Swiss trader Petraco won the remaining four.
Rosneft is now sourcing light crude grades for its German refinery after a deal with partner BP expired last year.
Geneva-based Rosneft Trading won the cargoes loading in April, May and June via a sell tender by Egypt's state owned EGPC that closed on Feb. 24.
EGPC sold a total of seven cargoes, Swiss trader Petraco won the remaining four.
Rosneft is now sourcing light crude grades for its German refinery after a deal with partner BP expired last year.
