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January 10, 2008

INDONESIA/ENERGY
Pertamina seeks March sweet grades

Indonesian state oil firm Pertamina has issued its regular monthly tender to buy sweet crude for March arrival, a trader told Reuters on Wednesday.

The tender closes on Jan. 16, with offers to remain valid until Jan. 17.

Pertamina bought 2.4 million barrels of February-arrival Asia-Pacific crude in its previous spot tender.

Pertamina has contracted to import only 2.75 million barrels a month of crude for the January-March period, nearly halving its term volumes from the current quarter.


Courtesy Antara

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