Malaysia's Kimanis crude supplies to drop in Dec

UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year. In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.

SINGAPORE: Malaysia's exports of Kimanis crude oil are expected to drop to 10 cargoes in December, from 11 in the previous month, industry sources said on Wednesday.

Robust demand for crude in Asia and pending United States sanctions on Iranian crude are expected to support premiums

Malaysia's Petronas will be allocated four cargoes,while Royal Dutch Shell will have three cargoes to market, one of the sources said.

PetroBrunei, ConocoPhillips and Murphy Oil will each have a cargo, the source added.


Seller Grade Volume (KB)   Loading date

Shell Kimanis 600 Dec 2-6