Vietnam Sells Song Doc Crude Oil Cargo for February Loading

By Christian Schmollinger

Dec. 19 (Bloomberg) -- PV Oil Co., Vietnam’s state-owned oil marketing company, sold a cargo of Song Doc crude oil for loading in February to Trafigura AG, said a trader who submitted an offer for the cargo. An official, who asked to remain unidentified citing company policy, confirmed the price. Details of the sale are as follows:

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Crude:       Song Doc
Loading:     February
Buyer:       Trafigura
Quantity:    450,000 barrels
Price:       Discount of $6 a barrel to the average of the
            Platts/APPI Minas price**
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** Average Minas crude price of Platts and Asia Pacific Petroleum Index.

To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net.