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Indonesia's Pertamina Releases Unusual Russian Oil Tender

OIL

Indonesia’s Pertamina has added Russian crude grades to its September purchase tender according to Reuters sources.

  • LSEG data shows the last purchase of Russian oil was more than 10 years ago.
  • Pertamina asked for Russian Urals oil along with sour grades Kirkuk, Jubilee, Al Shakheen and others for Sept. 15-17 arrival at its Cilacap refinery.
  • One of the sources said that Pertamina may only buy Russian oil if it is under the price cap.

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