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Indonesia re-issues tender seeking sweets

SINGAPORE : Petral, the trading unit of Indonesian state-run energy firm Pertamina, has re-issued a tender seeking sweet
Published August 15, 2011 Updated August 15, 2011 11:12am
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By Muhammad Iqbal
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stateSINGAPORE: Petral, the trading unit of Indonesian state-run energy firm Pertamina, has re-issued a tender seeking sweet crude for delivery in October after no trades were concluded in the previous trial, trading sources said on Monday.

The new tender will close on Aug. 18, remaining valid until a day later, the sources said.

Last month, Petral raised its spot sweet crude purchase for September delivery by 16.3 percent to 2.5 million barrels from the previous month after buying a third cargo in its second tender.

Copyright Reuters, 2011

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