Formosa Petrochemical likely to resume gasoil exports from H2-January

15-Dec-11
One of Asia’s biggest diesel exporters - Formosa Petrochemical Corp., is likely to resume gasoil exports from H2-January, as per a source in Reuters. 1-2 medium range-sized cargoes, or about 720,000 barrels of 500 ppm sulphur gasoil will comprise the company’s first exports after five months. Resumption of exports from Formosa after a gap of five months is expected to provide support to the diesel market. Diesel and gasoline exports supplies were halted after a fire at a propylene-recovery unit in July damaged some of its surrounding infrastructure. Spot exports of the cleaner fuel 10 ppm sulphur diesel are not expected to resume yet.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha