BP Migas opens tender to sell 300,000 barrels of November Arun condensate

Indonesian upstream oil and gas authority BP Migas said on Friday it had opened tender to seek for trader to sell 300,000 barrels of condensate from Arun for November delivery.

?We have invited 20 traders, including Pertamina?s subsidiaries. Evaluation would be would commence today and we are hoping to be able to decide on the winner in a week or two,? said BP Migas deputy chairman Eddy Poerwanto.

Under the new oil and gas law, BP Migas has the right to appoint traders to sell government?s share of oil. (godang)