NIOC, Pertamina to discuss renewing LPG contract

November 10, 2017

TEHRAN – The National Iranian Oil Company (NIOC) is due to discuss the renewal of its LPG export contract with Indonesia’s state-run Pertamina next week, Platts reported quoting a source familiar with the matter.

As reported, the parties will review volumes as well as price levels for 2018 exports.

Pertamina has had a contract with NIOC since May 2016 for a total 600,000 million tons (mt) of LPG to be delivered over 2016-2017 in 14 cargoes.

The first 44,000 mt evenly split propane/butane parcel was delivered in October 2016.

Pertamina, which has been receiving one or two cargoes a month, last took delivery of a 44,000 mt propane cargo on the VLGC Pertamina Gas 2 from Assaluyeh, shipping sources said.