Platts removes PT Oil Terminal Karimun from Asia Market on Close assessment process

Platts, part of S&P Global Energy, has removed PT Oil Terminal Karimun, on Karimun Island, Indonesia, as an approved loading terminal for gasoline, jet fuel, gasoil, fuel oil and Marine Fuel 0.5% cargoes in its Asia Market on Close assessment process, effective immediately.

This follows a review of market participants' ability to lift these products in the MOC process from this terminal, following the EU's adoption of the 20th package of sanctions against Russia, which includes the listing of Karimun Oil Terminal.

This means that PT Oil Terminal Karimun is no longer on the list of approved terminals for inclusion in Platts' gasoline, jet fuel, gasoil, fuel oil and Marine Fuel 0.5% assessments.

As a result, effective immediately, sellers are no longer able to offer the above-mentioned oil products loading from PT Oil Terminal Karimun in the Platts Asia MOC assessment process.

Platts continuously monitors the performance and eligibility of approved terminals and will remove terminals that do not consistently meet the required criteria.

Please send all feedback and questions to asia_products@spglobal.com and pricegroup@spglobal.com.

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