PV Oil Co., Vietnam’s state-owned oil-marketing company, is offering as much as 250,000 barrels of Rang Dong crude for late-May loading, according to two traders who declined to be identified because the information is confidential.
Details of the offer are as follows:
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Crude: Rang Dong (Vietnam)
Quantity: 200,000 to 250,000 barrels
Loading: May 21 to May 29
Pricing: APPI/Platts Minas
Bids due: March 19, 9 a.m. Ho Chi Minh City time
Validity: March 20, 6 p.m.
Beside that, PV Oil Co also offered to sell two 250,000-barrel cargoes of Ruby crude for loading in May, according to a tender document obtained by Bloomberg News.
The details of the offers are as follows:
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Crude: Ruby
Loading: May 3 to May 9 and May 18 to 24
Quantity: 2 x 250,000 barrels
Pricing: APPI/Platts Minas
Bids due: March 15, 9 a.m. Ho Chi Minh City time
Validity: March 15, 6 p.m.
Bloomberg News
