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Vietnam’s PV Oil Offers Six-Month Contract for Rang Dong Crude

PV Oil Co., Vietnam’s state-owned oil marketing company, is offering Rang Dong crude on a term basis for the six months from April to September, according to four traders who participate in the market, declining to be identified because the information is confidential.

Details of the offer are as follows:

Crude:      Rang Dong (Vietnam)
Quantity:   Minimum of 200,000 barrels a month
Term:       April to September
Pricing:    APPI/Platts Minas
Bids due:   Feb. 7
Validity:   Feb. 14

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