Monday, October 28, 2024

Pertamina, Indonesia's gasoil company, is looking to purchase 1.1 million bbls.

October 28, 2024

Three trade sources, who have seen the tender document on Monday, said that Indonesia's Pertamina had sought to buy about 1.1 millions barrels of November gasoil with a sulphur content of 2500ppm for delivery mainly around mid-November.

The state-owned energy company has announced a tender for the purchase of three 200,000 barrel cargoes to be delivered into Tanjung Uban on November 14-16, Balongan on November 13-15, and Pulau Laut between Nov. 18-20.

The company is also interested in buying between 300,000 to 500,000 barrels for delivery to Tuban from Nov. 15-17.

The tender will close on October 29 and be valid until October 31.

Pertamina Niaga didn't immediately reply to an'inquiry for a statement.

A separate tender, which closes at the end of today, will allow the refiner to purchase up to 400,000 bbls of jet-fuel for delivery to Jakarta.

One of three sources claimed that the major had purchased at least 2,5 million barrels of gasoil with a 2500ppm concentration for delivery in October.

A Pertamina spokesperson confirmed that the hydrocracker at the company's recently upgraded Balikpapan site was operating normally. (Reporting and editing by Trixie Yap, Fransiska Naangoy)

(source: Reuters)

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