Gulf Oil and Gas accountACCOUNT

Indonesia to Import 600,000 Oil Barrels from Sudan

Source: Sudan Turbine 2/6/2010, Location: Africa

Share |
Indonesian state-owned oil company PT Pertamina said it had obtained a permit from the trade minister to import 600,000 barrels of "Nile Blend" crude from Sudan.

Oil production in Indonesia has decreased steadily during the last decade, owing to disappointing exploration efforts and declining production at Indonesiaís large, mature oil fields.

In 2008, Sudan exported the majority of its oil to China (214,000 bbl/d) followed by Japan (102,000 bbl/d) and Indonesia (43,000 bbl/d). Additional importers of Sudanese crude include India, South Korea, Taiwan, Thailand and Malaysia.

Pertamina vice president director Omar S Anwar told Indonesian House Commission VII, dealing with peopleís welfare, on Thursday the trade minister had already issued a letter to allow the import of several kinds of fuel oils and crude including the Sudanese Nile Blend.

"We have received a permit from the trade minister," he said.

Omer said the tender for the import of Nile Blend carried out by its subsidiary, Petral, in November 2009 for delivery in January 2010 had been done according to correct procedures.

Sudanese state oil firm Sudapet, in a tender last month for February-loading Nile Blend, sold a 1 million-barrel cargo to European trader Arcadia and a 600,000-barrel cargo to Glencore at a discount of between $1.10 and $1.20 a barrel to Minas Indonesia Crude Price (ICP).

As many as 32 companies mostly international took part in the process of the Nile Blend procurement, he said. "The result is four companies have given the best offer," he said.

The best bidders are BP, Trafigura, Sietco and Gold Manor. Of the four bidders, Gold Manor is the one that offers the lowest price, he said.

He said Nile Blend is also used in China and Japan.

Omar denied that the Nile Blend import had once been withheld in Balikpapan, East Kalimantan.

"There is no problem with imports. Unloading in Balikpapan was already carried out on January 16, 2010," he said.

Oil Field Services News in Sudan >>

Algeria >>  1/15/2018 - Eng. Mustafa Sanalla, NOC Chairman of the Board, Dr. Abdelmomen Weld Qadour Chairman and General Manager of Sonatrach Company and Mr. John W. Wallace ...
Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Egypt >>  1/3/2018 - Siemens Gamesa Renewable Energy (SGRE) has secured a new order for the installation of 125 of its G97-2.1MW turbines (total capacity of 262.5 MW) at t...
Gabon >>  1/3/2018 - Spectrum, in collaboration with the Direction Generale des Hydrocarbures (DGH), has commenced the next phase of its shallow water 3D Multi-Client seis...

Egypt >>  12/27/2017 - The Minister of Investment and International Cooperation Dr. Sahar Nasr signed an agreement worth USD 200 million with Director of Natural Resources a...
Nigeria >>  12/26/2017 - The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Sudan >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.