PV Oil Said to Offer Rong Doi Condensate Priced Versus Brent

PV Oil Co., Vietnam’s state-owned oil marketing company, offered to sell 200,000 barrels of Rong Doi condensate for June loading, said two traders who participate in the market, declining to be identified because they aren’t authorized to speak to the media.

The cargo will be sold at a premium or discount to the price of benchmark-dated Brent oil, switching from the previous marker, Tapis crude.

The details of the offer are as follows:

Condensate:  Rong Doi (Vietnam)
Loading:     June 16-22
Quantity:    200,000 barrels
Pricing:     Dated Brent
Bids due:    April 18
Validity:    April 19

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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