PV Oil Said to Sell Te Giac Trang Crude for June to Shell, SK

PV Oil Co., Vietnam’s state-owned oil-marketing company, sold three cargoes of Te Giac Trang crude for loading in June and July at premiums of $6.50 to $8 a barrel more than benchmark dated Brent, said three traders who asked not to be identified because the information is confidential.

South Korea’s SK Innovation Co. and Royal Dutch Shell Plc (RDSA) were the buyers, according to two of the traders.

Details of the deal are as follows:

Crude:       Te Giac Trang (Vietnam)
Price:       Premium of $6.50 to $8 a barrel to dated Brent.
Buyers:      Shell, SK Innovation
Quantity:    3 x 300,000 barrels
Loading:     June 7-13, June 16-22, June 27-July 3

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

To contact the editor responsible for this story: Mike Anderson at manderson34@bloomberg.net

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