PT Pertamina, Indonesia’s state-owned oil company, failed to receive offers in a tender to buy condensate, or a grade of light crude, for September and October delivery, according to an official.
The Jakarta-based company sought unspecified volumes to be delivered to its TPPI petrochemical plant in Tuban, East Java, said the official, who asked not to be identified because he isn’t authorized to speak to the media. The tender closed yesterday.
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