Bloomberg News

Indonesia Pertamina Offers to Sell 205,000 Barrels of Tiaka Oil

July 30, 2012

PT Pertamina, Indonesia’s state- owned oil company, is offering to sell 205,000 barrels of Tiaka crude for September loading, according to a tender document obtained by Bloomberg News.

The details of the offer are as follows:

------------------------------------------------------------
Crude:       Tiaka (Indonesia)
Size:        205,000 Barrels
Loading:     Sept. 1 to Sept. 5
Pricing:     ICP Tiaka
Basis:       Free-on-board (F.O.B.)
Seller:      Pertamina
Close:       Aug. 2, 11 a.m. Singapore time
Valid:       Aug. 3, 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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