Bloomberg News

Petronas Offers to Sell Penara, Labuan, Kikeh Crudes for June

April 17, 2012

Petroliam Nasional Bhd., the Malaysian state oil company known as Petronas, offered to sell one cargo each of its Penara, Labuan, and Kikeh crudes, said two traders who received tender documents, declining to be identified because the information is confidential.

Details of the offers are as follows:

----------------------------------------------------------
Crude:         Penara (Malaysia)
Quantity:      300,000 barrels
Pricing:       Dated Brent
Loading:       June 1-7
Bids due:      April 18, 4 p.m. Kuala Lumpur time
----------------------------------------------------------
Crude:         Labuan (Malaysia)
Quantity:      300,000 barrels
Pricing:       Dated Brent
Loading:       June 17-23
Bids due:      April 18, 4 p.m. Kuala Lumpur time
----------------------------------------------------------
Crude:         Kikeh (Malaysia)
Quantity:      600,000 barrels
Pricing:       Dated Brent
Loading:       June 26-30
Bids due:      April 19, noon Kuala Lumpur time
----------------------------------------------------------

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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