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Pertamina Seeks to Buy Low-Sulfur Crude for January Delivery

Nov. 14 (Bloomberg) -- PT Pertamina, Indonesia’s state-owned oil company, issued a tender to buy 600,000 or 950,000 barrels of low-sulfur crude, a document obtained by Bloomberg News showed.

The company is seeking to purchase crude for delivery on Jan. 1 to Jan. 20 to Balikpapan or Cilacap, Indonesia. The tender closed at 3 p.m. Singapore time today, and offers are valid until 5 p.m. tomorrow.

Pertamina bought in its last tender 600,000 barrels of East Siberia-Pacific Ocean crude for January delivery to its refinery in Balikpapan and a similar amount of Russian Vityaz grade to its facility at Cilacap, an official said on Oct. 31, declining to be identified citing company policy.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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