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Petronas to implement new Malaysian crude oil official selling price

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Petronas to implement new Malaysian crude oil official selling price

Post by Cals Thu 24 Oct 2013, 00:46

Petronas to implement new Malaysian crude oil official selling price

Business & Markets 2013

Written by Bernama

Wednesday, 23 October 2013 18:51

KUALA LUMPUR (Oct 23): National oil company, Petronas, will implement a new Malaysian Crude oil Official Selling Price based on a basket of Malaysian crude oil, namely Labuan, Miri light and Kikeh, effective Jan 1, 2014.

"It is also envisaged that this crude basket shall include Kimanis crude oil in the future," it said in a statement today.

However, Petronas said the Tapis Blend, Bintulu and Dulang crude oil would continue to have their own official selling price which will be reported on a monthly basis.

The national oil company also said it would continue pricing all its Malaysian crude oil against the Dated Brent. -- BERNAMA

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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