SINGAPORE, Jan 3: Pakistan State Oil (PSO) has issued a tender to buy up to three fuel oil cargoes totalling 165,000 tons for January and February delivery, industry sources said on Tuesday.

The state-owned company is seeking a 125-180-centistoke (cst) fuel oil cargo, totalling 55,000 tons, for Jan 17-19 delivery to the Port Qasim in Karachi on a cost-and-freight (CFR) basis.

PSO is also looking for two optional parcels, for second-half January and February deliveries of the same size and to the same destination. The tender closes on Wednesday and will remain valid till Friday.

PSO last bought four similar cargoes, for November and December deliveries, from Middle East traders FAL Oil and Bakri Trading.—Reuters