Bloomberg News

PV Oil Seeks to Sell Bach Ho Crude in Second Tender in Two Weeks

May 25, 2012

PV Oil Co., Vietnam’s state-owned oil-marketing company, offered to sell as much as 600,000 barrels of its Bach Ho crude for loading from mid-June to mid- July, according to a tender document obtained by Bloomberg News.

The details of the offers are as follows:

-----------------------------------------------------------
Crude:       Bach Ho (Vietnam)
Loading:     June 15 to July 15
Quantity:    600,000 barrels
Cargo size:  200,000 to 600,000 barrels each
Pricing:     APPI/Platts Minas
Bids due:    May 28, 1:30 p.m. Vietnam time
Validity:    May 30, 6 p.m.
------------------------------------------------------------

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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