ESPO (Eastern Siberia-Pacific Ocean) oil is a premium blend of crude oil primarily exported from Russia. This light, sweet crude has gained significant traction in the global market.
ESPO oil is extracted from fields in Eastern Siberia and transported via the Eastern Siberia-Pacific Ocean pipeline.
Pipeline: The ESPO pipeline, stretching from Taishet in Irkutsk Oblast to the Pacific port of Kozmino, facilitates the transportation of this crude.
ESPO crude has an API gravity typically around 34-35 degrees, classifying it as a light crude oil.
It has a low sulfur content, usually between 0.5% and 0.6%, making it a sweet crude. This low sulfur content is advantageous for refining into high-quality fuels with lower environmental impact.
ESPO oil is known for its low metal and salt content, further enhancing its desirability for refineries seeking to produce cleaner fuels.
ESPO crude often commands a premium price compared to other Russian crude grades like Urals, due to its superior quality and favorable location. Pricing for ESPO oil is typically benchmarked against Dubai/Oman crude prices.
Espo has low sulfur content in ESPO oil translates to lower sulfur dioxide emissions when refined, contributing to reduced environmental impact compared to higher sulfur crude oils.
Price: FOB $68/$64 CIF $65/$61
Availability: In Stock
Origin: Russia / Kazakhstan.
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We sell Oil and Gas Products Wholesale Eastern Siberia-pacific ocean oil ( espo) Liquified natural gas Liquified petroleum gas Ultra -low sulphur diesel ( EN590) Light cycle oil Petroleum coke Jet fuel A1 Mazut Aviation fuel A-1 & Jp54 Bitumen Base oil Diammonium phosphate Naphtha Ultra Low Sulfur Diesel EN590,DIESEL D2,DIESEL VIRGIN OIL D6 We are an oil and gas company Agents, Facilitators and Mandate; we source crude oil for Refineries and large volume buyers, and other petrochemicals like AGO, LPFO, PMS, DPK and other Russia product origin listed below for the upstream and downstream sectors consumption.
Eastern Siberian Pacific Oil (ESPO) is a key crude oil blend originating from Eastern Siberia in Russia. It is named after the pipeline that transports it from Eastern Siberia to the Pacific Ocean, specifically the ESPO pipeline, which connects oil fields in Siberia to the port of Kozmino on the Pacific coast. ESPO is an important component of Russia's efforts to diversify its oil export routes and reach markets in the Asia-Pacific region. Key Features: Composition: ESPO crude oil is classified as a medium-sour crude, with moderate sulfur content and density. Its characteristics make it suitable for refining into a range of petroleum products, including gasoline, diesel, and heating oil. Quality: The oil is valued for its relatively low sulfur content compared to other Russian crudes, which makes it more attractive for refining into cleaner products. Pipeline and Transport: ESPO Pipeline: The ESPO pipeline system, which began operation in 2009, transports oil from Eastern Siberia to the port of Kozmino on the Pacific Ocean. It is a critical infrastructure project aimed at improving Russia's access to Asian markets and reducing dependence on European markets. Capacity: The pipeline's capacity has been expanded over the years, and it now supports significant volumes of crude oil exports to China, Japan, South Korea, and other countries in the Asia-Pacific region. Market and Economic Impact: Export Market: ESPO crude is a strategic asset for Russia, providing access to growing energy markets in Asia. It has become an important part of Russia's energy export strategy, helping to balance its trade relationships between Europe and Asia. Pricing: The pricing of ESPO crude is influenced by global oil market conditions, regional demand, and its quality relative to other benchmarks such as Brent and Dubai crudes. Environmental and Strategic Considerations: Environmental Impact: While the ESPO pipeline and its operations are designed to adhere to international environmental standards, the extraction and transport of crude oil can have environmental impacts, including potential risks of spills and ecological disruption. Strategic Importance: The ESPO project is strategically significant for Russia, enhancing its ability to export oil to emerging markets in Asia and contributing to its geopolitical influence in the global energy market. Conclusion: Eastern Siberian Pacific Oil (ESPO) is a crucial crude oil blend for Russia, offering a strategic link between Siberian oil fields and Asian markets. Its relatively low sulfur content and the ESPO pipeline's capacity make it an important component of Russia's energy export strategy, supporting its role in the global oil market while diversifying export routes.
EASTERN SIBERIA PACIFIC OCEAN CRUDE OIL (ESPO) QUANTITY: (100.000) MT WITH R&E INTO YEARLY CIF: US$270.00 GROSS / US$250.00 NET FOB: US$270.00 GROSS / US$250.00 NET PER MT
EASTERN SIBERIA PACIFIC OCEAN CRUDE OIL (ESPO) QUANTITY: (100.000) MT WITH R&E INTO YEARLY CIF: US$270.00 GROSS / US$250.00 NET FOB: US$270.00 GROSS / US$250.00 NET PER MT
Russia Export Blend Crude Min :500000 BARREL/Month Max :2000000 BARREL/Month
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