PTT Said to Buy Saharan Blend Crude for February Delivery

Thailand’s PTT Pcl (PTT) bought 1 million barrels of Algerian Saharan Blend crude via tender for Feb. 1-5 delivery at a premium of about $5.50 a barrel over Dated Brent prices, according to two people who participate in the market. They asked not to be identified because they aren’t authorized to speak to the media.

The cargo will be shipped to IRPC Pcl (IRPC)’s 215,000 barrel-a-day Rayong refinery. State-owned PTT holds a 38.5 percent stake in the refiner and petrochemical maker, the unit’s website shows.

To contact the reporters on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net; Laura Hurst in London at lhurst3@bloomberg.net

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

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