Singapore, June 8 (TNS): Pakistan State Oil has shortlisted three companies that have submitted the lowest offers for its tender seeking 195,000 mt of 180 CST high sulfur fuel oil for delivery in August, Singaporean media quoting a source close to the matter reported on Friday.
The tender closed June 4, with validity until June 8.
PSO is seeking three HSFO cargoes, each of 65,000 mt, with maximum 3.5% sulfur for delivery to Port Qasim in August.
The frontrunners are Vitol, PetroChina and Bakri Trading with offers at premiums of around $17-$17.50/b to the Mean of Platts Arab Gulf 180 CST HSFO assessments on a CFR basis, sources said.
The company last bought, via tender, three 65,000 mt cargoes of 180 CST HSFO with maximum 3.5% sulfur for delivery over July. PSO bought two cargoes from Gunvor and one from Bakri Trading at premiums of around $18-$23/mt to Mean of Platts Arab Gulf 180 CST HSFO assessments, CFR, S&P Global Platts reported previously.
