Vietnam - Vietnam’s PV Oil Said to Sell May Rang Dong Crude to Petrobras

PV Oil Co., Vietnam’s state-owned oil-marketing company, sold a cargo of Rang Dong crude to Petroleo Brasileiro SA (PETR4), known as Petrobras, at a premium of between $3.10 and $3.20 above benchmark Minas oil prices, according to two traders who participate in the market, declining to be identified because the information is confidential.

Details of the deal are as follows:

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Crude:      Rang Dong (Vietnam)

Price:      Premium of about $3.10-$3.20 to APPI/Platts Minas

Loading:    May 21 to May 29

Quantity:   250,000 barrels

Buyer:      Petrobras

Bloomberg

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