PV Oil Co., Vietnam’s state-owned oil marketing company, offered to sell cargoes of Te Giac Trang, Bach Ho and Ruby oil, totaling as much as 1.8 million barrels, for loading in April, said five trading sources who participate in the market, declining to be identified because the information is confidential.
The details of the offers are as follows:
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Crude: Te Giac Trang
Loading: April 16-12, April 16-22, April 25-May 1
Quantity: 3 x 300,000 barrels
Pricing: Dated Brent
Bids due: Feb. 24
Validity: Feb. 27
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Crude: Bach Ho
Loading: April 20-30
Quantity: 200,000 to 600,000 barrels
Pricing: APPI/Platts Minas
Bids due: Feb. 24
Validity: Feb. 28
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Crude: Ruby
Loading: April 17-23
Quantity: 300,000 barrels
Pricing: APPI/Platts Minas
Bids due: Feb. 28
Validity: Feb. 28
Source: Bloomberg
