Petronas’ new Malaysian crude oil official selling price


Dateline 2013-10-23, The Star:

Petroliam Nasional Bhd will implement a new Malaysian Crude Oil Official Selling Price with effect from Jan 1, 2014.

It said on Wednesday the new price will be based on a basket of Malaysian crude oil, namely Labuan, Miri Light and Kikeh.

“It is also envisaged that this crude basket shall include Kimanis crude oil in the future,” it said.

Petronas added that the Tapis Blend, Bintulu and Dulang crude oil will continue to have their own OSP, which would continue to be reported on a monthly basis.

It also said it would continue to price all its Malaysian crude oil against Dated Brent.

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This entry was posted on Sunday, December 22nd, 2013 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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