Home »Fuel and Energy » Pakistan » PSO buys 220,000 tonnes oil

Pakistan State Oil (PSO) has bought four fuel oil cargoes totalling 220,000 tonnes for November and December delivery, one less than it had tendered to buy, industry sources said on Wednesday.

Middle East trader Bakri sold two 180-centistoke (cst) cargoes of 55,000 tonnes each for deliveries during November 1-3 and November 8-10 to Port Qasim in Karachi at premiums of $28 a tonne and $29.33 to Middle East spot quotes on a cost-and-freight basis. Fellow trader FAL sold two optional cargoes of the same size, a 125-cst parcel and a 180-cst lot, for November and December deliveries. The 125-cst parcel was done at a premium of $32.79 a tonne while the 180-cst was done at $29.98.

Copyright Reuters, 2005


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