PT Pertamina Goes Shopping For More.... Oil!

Interesting.

• SINGAPORE (Dow Jones)--Indonesia's state-owned PT Pertamina bought 4.65 million barrels of sweet crude oil for July delivery and tendered for more cargoes, a company official said Wednesday.
  
  This marks the fifth straight month the company is tendering twice in a month to import crude. The outcome of the tender also showed that the arbitrage window for the supply of long-haul Atlantic Basin crude to Asia remains wide open.
  
  Pertamina bought 600,000 barrels each of Malaysian Kikeh, Vietnamese Bach Ho and Algerian Saharan Blend, the official said, declining to provide price details or identify the sellers.
  
  It bought a further 950,000 barrels of Saharan Blend, as well as Azerbaijan's Azeri Light and Nigerian Bonny Light, confirming a Dow Jones Newswires report earlier Wednesday.
  
  Last month, Pertamina imported 5 million barrels via two tenders.
  
  The second tender for July, specifying only medium-gravity grades, will close May 18, with offers to stay valid for one day, the official said.