SINGAPORE: Indonesian state-controlled Pertamina has awarded part of its December-delivery crude import tender, potentially helping to clear some remaining cargoes from the November trade cycle.
Pertamina bought mainly west African crude in the tender, taking close to 2 million barrels of Nigerian Qua Iboe from Vitol and Statoil.
The Norwegian oil firm was also likely to have sold another 950,000 barrels of Angolan Cabinda crude and 600,000 barrels of Angolan Girassol crude to Pertamina, traders said.
The Indonesian oil firm also bought 600,000 barrels of Malaysian Miri Light crude for Dec. 21-22 delivery to Balikpapan and 600,000 barrels of Russian Sakhalin Sokol crude for Dec. 13-14 delivery to Cilacap. Shell was likely to have supplied the Malaysian grade and Glencore the Russian crude, although this could not be directly confirmed.
The deal levels for the various cargoes were not immediately known.
Pertamina did not fully award the initial December-delivery crude import tender, opting to re-tender for four 600,000-barrel cargoes. Tender awards are expected to emerge in the coming days as the offers are only valid until Oct. 12.
On the regional crude market, offers for Australian grades are emerging following the release of December loading programmes.
December-loading Australian heavy sweet crude supplies are expected to tighten as there will be no Enfield and just one Pyrenees cargo loading in the month. Two cargoes of Pyrenees crude are scheduled to load in November.
Woodside is likely to have sold its November-loading Australian ultra-light sweet Cossack cargo, although deal details remain unclear. The cargo was initially scheduled to load Nov. 5-9, but the loading dates were eventually delayed to mid-November, two traders with knowledge of the matter said.
Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), was at $2.75 per barrel, down 5 cents for December.
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