Malaysia’s Kimaniis Oil Exporting Problems in Ll-Field

SINGAPORE, Sept. 16 (Reuters) – Malaysia’s main oil exports will fall in October and November after a dispute over oil production at the Royal Dutch RDSa.L, according to three sources.

Petroleum Brunei, one of the stakeholders, has canceled the bid to sell the chemical, which was to be shipped in early November due to the crisis, sources said.

Caminis raw materials fell to 117,000 barrels per day (BPD) and the volume of each cargo was adjusted in October, according to other sources.

Traders say the cut will strengthen Asian sweeteners, which could support similar export prices from Vietnam and the Atlantic basin.

He refrained from commenting. Petroleum Brunei and Malaysia’s state-owned energy company Petronas did not respond to inquiries.

A second source said a sewer was found at the Gumusutu-Cacap oil field in eastern Malaysia, which was closed for maintenance in October.

The unit, which was scheduled to begin construction this month, will remain closed until November for repairs.

He said the planned shipment deadline from late September to November has also been delayed by three to 12 days.

Other stakeholders for the production of chemists include Indonesia’s Partamina (PERTM.UL), Thailand’s PTTEP (PTTEP.BK) and ConocoPhillips (COP.N).

It will operate two deep water fields, Gumusutu-Kakap and Malika off the coast of Saba, which can produce up to 170,000 bpd.

Caminis crude production has been declining in recent years, but Malaysia’s exports are still high.

Report by Florence Tan by Christian Schmolliger, Richard ull Lynn and David Goodman

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