Pertamina buys Nov. Jet A-1 cargoes, 25-30 cent discount

Indonesia's state oil and gas company PT Pertamina has bought 480,000 barrels of jet A-1 and 600,000 bbl of dual-purpose kerosene for November loading, but omitted gasoil cargoes this time around, the Dow Jones Newswires reported from Singapore on Wednesday.

Under a tender, Pertamina bought three 120,000-barrel jet A-1 cargoes at a discount of around 25 cents/bbl to Pertamina's formula from Vitol and a fourth jet cargo from Itochu at a 30 cent/bbl discount.

It bought two 300,000-bbl cargoes of dual-purpose kerosene from Vitol at a $1.30/bbl discount to the formula.

Pertamina skipped gasoil purchases for November - which it initially tendered seeking 600,000 bbl - due to a lack of firm offers, traders said.

For October loading, Pertamina bought jet fuel cargoes at a 50 cent/bbl discount to the formula and two kerosene cargoes from Vitol and Kuwait Petroleum Corp. at premiums of 71 cents/bbl and $1.05/bbl, respectively, to the formula. (*)