Why isn’t Abang Yazid a Datuk yet?
Dateline 2015-07-07, The Borneo Post:
The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.
The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.
In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.
“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.
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