Sunday, June 3, 2007

Pertamina's Diesel Sellers Reject Its New Price Formula for Fuel Supplies

(Bloomberg) -- PT Pertamina's proposed new price
formula for diesel supplies in the second half was rejected by
the Indonesian state oil company's suppliers, including Kuwait
Petroleum Corp., PTT Pcl and Petroliam Nasional Bhd.

The suppliers disagreed on a proposed new price formula for
the supply of diesel cargoes with sulfur content of 0.35 percent
starting in July, said company officials involved in talks. They
declined to be identified because of confidentiality agreements.


Read more at Bloomberg Energy News

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