Sources: Malaysia's Petronas Buys First Ever US Oil Cargo, Due In Sept
SINGAPORE/KUALA LUMPUR, July 3 (Reuters) - Malaysia's state energy company Petronas has bought its first ever U.S. oil cargo of 1 million barrels of Mars crude, expected to arrive at its Malacca refinery in September, two sources with knowledge of the matter said on Tuesday.
One of the two crude distillation units at the Malacca refinery will process the U.S. sour crude that will replace oil from the Middle East, one of the sources said.
Petronas could not be immediately reached for comment.
(Reporting by Florence Tan and Jessica Jaganathan in SINGAPORE and Emily Chow in KUALA LUMPUR Editing by Manolo Serapio Jr.)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds