PV Oil Co., Vietnam’s state-owned oil-marketing company, is offering to sell Rang Dong, Song Doc, and Te Giac Trang crude cargoes for loading in late October and November, according to three people who participate in the market, asking not to be identified because they aren’t authorized to speak to the media.
Details of the offers are as follows:
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Grade: Rang Dong (Vietnam)
Quantity: 200,000 barrels
Loading: Nov. 12 to Nov. 18
Pricing: Dated Brent
Bids due: Sept. 18, 1:30 p.m. Vietnam time
Validity: Sept. 19, 6 p.m.
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Grade: Song Doc (Vietnam)
Quantity: 250,000 barrels
Loading: Oct. 28 to Nov. 2
Pricing: Dated Brent
Bids due: Sept. 19, 9 a.m.
Validity: Sept. 20, 6 p.m.
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Grade: Te Giac Trang (Vietnam)
Quantity: 2 x 300,000 barrels
Loading: Nov. 6 to Nov. 10
Nov. 11 to Nov. 15
Pricing: Dated Brent
Bids due: Sept. 20, 9 a.m.
Validity: Sept. 21, 6 p.m.
Bloomberg.com
