Bloomberg News

Petral Seeks to Buy Crude Oil for August, September Delivery

June 24, 2012

Pertamina Energy Trading Services Pte, or Petral, is seeking to buy as much as 2.5 million barrels of crude for delivery in August and September, according to a tender document obtained by Bloomberg today.

Bids are due June 26 at 3 p.m. Singapore time and are valid until 6 p.m. the following day.

Details are as follows:

---------------------------------------------------------------
Crude:        Low-sulfur grades
Varieties:    Includes Akpo, Brass River, Cossack, Kitan,
              Kutubu, Vityaz, and others
Quantity:     600,000 barrels
Delivery:     Aug. 17-22
Pricing:      Cost and freight (CFR)
Port:         Balikpapan, Indonesia
---------------------------------------------------------------
Crude:        Low-sulfur grades
Varieties:    Includes Bonny Light, Champion, Escravos, Kikeh,
              Labuan, Qau Iboe, Sokol, Song Doc, and others
Quantity:     600,000 to 950,000 barrels
Delivery:     Sept. 1-10, or Sept. 10-17, or Sept. 20-25
Pricing:      Cost and freight (CFR)
Port:         Cilacap, Indonesia
---------------------------------------------------------------
Crude:        Low-sulfur grades
Varieties:    Includes Azeri, Bach Ho, Cabinda, ESPO, Girassol,
              Rang Dong, Su Tu Den, Te Giac Trang, and others
Quantity:     950,000 barrels
Delivery:     Sept. 1-10
Pricing:      Cost and freight (CFR)
Port:         Cilacap or Balikpapan, Indonesia
---------------------------------------------------------------

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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