Pertamina issues tender to sell late-Oct Group I base oils

18 October 2012 07:13  [Source: ICIS news]

SINGAPORE (ICIS)--Indonesia’s Pertamina has issued a tender on Thursday to sell 3,500 tonnes of Group I base oils for delivery on 25-27 October, a company document showed.

The tender, which comprises 2,000 tonnes of SN130 and 1,500 tonnes of SN500, will close on 19 October at 11 hours Singapore time (04:00 GMT).

Market participants said that this tender by Pertamina is a re-issue of an 17 October tender, which failed to attract bids given a very short notice period.


By: Serena Seng



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