NIS Petrol announced tender for purchase of crude oil - deadline for submission of bids is July 7

Company NIS Petrol has announced the invitation for collecting of bids today (June 18, 2008) for purchase of million metric tons of crude oil of REB standard quality in the period between July 2008 - February 2009.

According to the tender published in newspaper "Politika", the first shipment of 80,000 metric tons of crude oil should arrive in port of Omišalj in the first decade of August.

Deadline for submission of bids that must include total required quantity of oil is July 7 and the bids should be submitted in two copies in closed envelopes addressed to NIS Petrol.

The criterion for selection of the best bid will be the lowest offered price provided that all other requests from the documentation are met, and the decision about the most favorable bidder will be made by the expert Commission.