Crude/Condensate: Sep 23-27: PTT buys Qatar Marine and Qatar Land
PTT Public Co bought November-loading Qatar Marine and Qatar Land through a tender for the country's petrochemical firm IRPC. PTT had carried out the tender in late September. PetroChina and United Petroleum & Chemicals Co (UNIPEC) sold 500,000barrels of Qatar Marine each to PTT at small premiums to the OSP. In regard with Qatar Land, details were unknown but the cargo changed hands at the price linked to the OSP.
--Africa/Europe/Russia/America Taiwan's CPC had not issued a sweet crude buy tender for December arrival, following November arrival. A glitch cropped up at the 80,000 barrels per day (b/d) Residual Fluid Catalytic Cracker (RFCC) at its 400,000 b/d Talin refinery at the end of July as reported and the RFCC trouble apparently was prolonged. CPC initially aimed to restart the RFCC at the end of August, but the restart would be postponed to the middle of October. As a result, the refining running rates were reduced, so that CPC would skip a sweet crude buy tender for December arrival, said a trader in Singapore.
--Asia Pacific In trade for November-loading Malaysian grades, Malaysia's state-owned Petronas awarded a Bunga Orkid sell tender to Thailand's Bangchack. The awarded price was apparently at premiums in the low $3's to Dated Brent. Meanwhile, Petronas apparently had not awarded a November-loading Bunga Kekwa sell tender. Bids had been lower than expectations, according to sources.
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