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PETRONAS will implement a new Malaysian Crude Oil Official Selling Price (MCO OSP) based on a basket of Malaysian crude oil, namely Labuan, Miri Light and Kikeh, effective 1 January 2014.
It is also envisaged that this crude basket shall include Kimanis crude oil in the future.
Tapis Blend, Bintulu and Dulang crude oil will continue to have their own OSP, which will continue to be reported on a monthly basis.
PETRONAS will continue pricing all its Malaysian crude oil against Dated Brent
