Thursday, June 7, 2007

Tokyo Electric Seeks to Buy Crude Oil From Vietnam and Diversify Supplies

(Bloomberg) -- Tokyo Electric Power Co., Asia's
biggest power producer, seeks to buy crude oil from Vietnam to
diversify supplies as it expects Indonesian production to decline.

The utility is looking to Vietnam's Sutuden grade in the
year ending March to generate electricity, company spokesman
Manabu Takeyama said by telephone today. Tokyo Electric first
bought Sutuden oil last year on a trial basis.


Read more at Bloomberg Energy News

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