Taiwan, which imports more than 99% of its crude oil needs, purchased lesser quantities in May as Formosa Petrochemical Corp. reduced refining rates. Shipments declined 7.4% from a year earlier to 22.5 mln barrels last month as May oil bill declined 6.2% to US$2.69 bln. The refiner halted a distillation unit for maintenance in May.
09-Jun-12 
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