PV Oil Said to Sell Chim Sao Crude at $4.80 to $5.20 Premium

PV Oil Corp., Vietnam’s state-run oil-marketing company, sold four cargoes of Chim Sao crude at premiums of $4.80 to $5.20 a barrel to dated Brent, said three people who participate in the market.

The buyers included Royal Dutch Shell Plc (RDSA), BP Plc (BP/) and Itochu Corp. (8001), the people said, asking not to be identified because the information is confidential

Crude:       Chim Sao (Vietnam)
Price:       Premium of about $4.80 to $5.20 to dated Brent
Loading:     Shell - 250,000 barrels for Nov. 1-5
             BP - 300,000 barrels for Nov. 8-12
             Itochu - 300,000 barrels for Nov. 18-22
             Itochu - 300,000 barrels for  Nov. 26-30
Buyers:      Shell, Itochu, others
Seller:      PV Oil

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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