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Trafigura, Overseas win Helleniq July bitumen cargoes

  • Märkte: Oil products
  • 24.06.26

Overseas Petroltrade, a London-based oil products trading firm, and Trafigura have won volumes in Helleniq Energy's tender for up to seven 4,000–5,000t bitumen cargoes loading from the 140,000 b/d Aspropyrgos refinery in Greece, market participants said.

Overseas secured two cargoes, while Trafigura won between two and four, according to sources with knowledge of the tender process. Awards were at around or slightly above $20/t fob premiums to Mediterranean high-sulphur fuel oil (HSFO), basis Aspropyrgos. A bid at a $15/t fob premium was indicated as unsuccessful as early as 19 June, the day after the tender closed.

No other winners have been indicated, but limited Mediterranean spot availability for the rest of June and July may have supported demand for the tender.

Overseas Petroltrade is a leading supplier into Romania, regularly delivering cargoes to Bitholder-operated import terminals at Mangalia and Constanta.

The July premiums are higher than Helleniq's June awards, when two cargoes were sold to Asphaltos at +$12/t and one to Trafigura at +$18.5/t.


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