By Christian Schmollinger and Nesa Subrahmaniyan
Oct. 17 (Bloomberg) -- PT Pertamina, Indonesia's state- owned oil company, bought low-sulfur crude oil for delivery in November from Pertamina Energy Trading Ltd., Petroliam Nasional Bhd., Korea Indonesia Petroleum Co., or Kipco, and Pacific Petroleum & Trading Ltd., said two traders who submitted offers.
Details of Pertamina's purchases including shipping costs are as follows:
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Crude: Bebatik, Brunei
Quantity: 600,000 barrels
Seller: Kipco
Price: **OSP +$2.20 a barrel
Delivery: December
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Crude: Seria, Brunei
Quantity: 600,000 barrels
Seller: Pacific Petroleum
Price: APPI Tapis +$1.70 a barrel
Delivery: December
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Crude: Bach Ho, Vietnam
Quantity: 600,000 barrels
Seller: Pertamina Energy Trading
Price: **OSP -$2.45 a barrel
Delivery: December
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Crude: Lauban, Malaysia
Quantity: 600,000 barrels
Seller: Petronas
Price: **OSP +$1.60 a barrel
Delivery: December
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**OSP = Official Selling Price
Pertamina usually seeks low-sulfur, or sweet crude oil, which has less than 0.5 percent sulfur by weight. The oil is more expensive than so-called sour crude oil, which has more than 0.5 percent sulfur.
To contact the reporters on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net; Nesa Subrahmaniyan in Singapore at nesas@bloomberg.net.
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