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Malaysian Kimanis crude exports to rise 25% on month to 6 mil barrels in May

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Malaysian Kimanis crude exports to rise 25% on month to 6 mil barrels in May

Singapore — A total of 6 million barrels of Malaysian Kimanis crude oil are scheduled to be exported in May, up 25% from April, trade sources said Thursday.

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The latest loading program for the middle distillates-rich crude comprises ten cargoes of 600,000 barrels each in size. The April program had eight cargoes of 600,000 barrels each, with the shorter program due to maintenance at the Gumusut-Kakap field, where Kimanis crude is produced.

The cargoes will load from the Sabah Oil and Gas Terminal.

State-owned Petronas is scheduled to load four cargoes over May 4-8, May 13-17, May 20-24 and May 30-June 3, the program showed.

ConocoPhillips has two cargoes for loading over May 10-14 and May 24-28, while Shell has two cargoes for loading over May 7-11 and May 17-21.

Petroleum Brunei has the remaining two cargoes for loading over May 1-5 and May 27-31.

Pertamina and Murphy Oil has no share of the Kimanis crude supply for May.

--Andrew Toh, andrew.toh@spglobal.com

--Edited by Norazlina Juma'at, norazlina.jumaat@spglobal.com

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