Indonesia's state-owned energy company Pertamina has sold two naphtha cargoes of medium-range vessel size for September loading from Balikpapan, as per Reuters. The state-owned refiner does not usually export spot naphtha from Balikpapan, but sold spot volumes for July loading. Market players link the sale to upcoming maintenance of a secondary unit at the end of the month. It was not clear if Pertamina had sold any cargoes for August lifting from Balikpapan.
One of the September cargoes was sold to Swiss-based trader Vitol, to be lifted on Sept. 2 and bound for North Asia, most likely Taiwan.The other cargo, to be lifted around mid-September, was sold to Unipec, the trading arm of Chinese oil major Sinopec Corp , and was bound for Singapore. The deals could not be confirmed as the companies involved do not discuss their trading activities.
03-Sep-14 
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