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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