Socar, Vitol win crude supply tender
Tuesday, February 3 2015 - 01:22 AM WIB
By Godang Sitompul
Socar Trading Singapore Pte Ltd and Vitol Group have won crude supply tender held by Indonesia?s state-owned oil and gas firm PT Pertamina?s Integrated Supply Chain.
Marketing and Commerce Director of Pertamina, Ahmad Bambang said that Socar will supply 2 million barrels of azeri crude for Pertamina, while Vitol will supply 2 million barrels of qua iboe crude.
Bambang declined to disclose the price, but stressed that the tender, participated by 53 traders, had been held in a transparent manner, and that the price formed was in line with market price.
No further details about the fuel supply contracts were provided.
Editing by Reiner Simanjuntak