Indonesia buys 1.13 mln bbls November gasoline-trade: Report
Friday, October 11 2002 - 12:55 AM WIB
Indonesia's state-owned Pertamina has bought a total of 1.13 million barrels of gasoline for November through a tender, Reuters reported on Thursday.
The purchase was larger than the 1.05 million barrels bought for October.
Pertamina bought three 88-octane cargoes from affiliate Petral at premiums of 17 cents and 27 cents a barrel over Singapore 92-octane quotes on a free-on-board (FOB) Singapore basis.
Petral also supplied another 88-octane parcel at a premium of more than $1 a barrel to the same benchmark on a cost of insurance-and-freight (CIF) Tanjung Uban/Surabaya basis.
Rounding out the November tender were two 92-octane cargoes, supplied by Petral and Petco at premiums of 44 cents a barrel to Singapore 92-octane quotes on an FOB Singapore basis.
Petco is the trading arm of Malaysia's state oil firm Petronas. (*)