Petronas Said to Sell November Kikeh at $5 to $5.50 Premium

Petroliam Nasional Bhd., Malaysia’s state oil company known as Petronas, sold a 600,000 barrel cargo of Kikeh crude loading Nov. 16 to Nov. 20 to BP Plc at a premium of $5 to $5.50 a barrel above benchmark Brent, said three people who participate in the market, asking not to be identified because they aren’t authorized to speak to the media.

Details are as follows:

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Crude:       Kikeh (Malaysia)
Loading:     Nov. 16 to Nov. 20
Quantity:    600,000 barrels
Price:       Premium of $5 to $5.50 to dated Brent
Buyer:       BP
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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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