Petronas sets February crude price factor at $9.20/bbl

(For OSP list, click)

SINGAPORE, Jan 16 (Reuters) -

* State oil firm Petronas has set the price factor for Malaysian crude oil for February at $9.20 per barrel, up 80 cents from the previous month, the company said on Thursday

* The monthly price factor is added to the average of Platts' dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP)

* Petronas changed its OSP mechanism effective January 2017, basing its benchmark price on a basket of four Malaysian crude grades Labuan, Miri Light, Kikeh and Kimanis (Reporting By Shu Zhang; Editing by Anil D'Silva)