PetroVietnam Sells Su Tu Den Crude Oil for June to Mitsubishi

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

29 Apr 2008

PetroVietnam Trading Co., a state- owned oil marketing company, sold Su Tu Den crude oil for loading in June to Mitsubishi Corp., said two traders who submitted offers. A PetroVietnam official, who asked not to be named because of company policy, confirmed the sale. Details of the sale are as follows:
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Crude:         Su Tu Den
Quantity:      300,000 barrels
Loading:       June 20-30
Buyer:         Mitsubishi
Price:         **Average Platts/APPI Minas price +$6.53 a barrel
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** Average Minas crude price of Platts and Asia Pacific Petroleum Index.

Source: Bloomberg