18 March 2011 06:30 [Source: ICIS news]
SHANGHAI (ICIS)--PetroChina said on Friday it has supplied 170,000 tonnes of gasoline, diesel and fuel oil from its joint-venture (JV) refinery with JX Nippon Oil & Energy in Osaka to help ease Japan’s energy shortage.
The Chinese energy major said in a statement that it repurchased the fuels from buyers and shipping agents to supply them to Japan.
Meanwhile, PetroChina has also purchased 30,000 tonnes of low-sulphur waxy residue oil from Indonesia to supply to Japan to meet the country’s rising demand for petroleum products, the statement said.
PetroChina has a 49% stake in the JV Osaka refinery, which has a capacity of ?xml:namespace>
The supplies are in addition to the 10,000 tonnes of gasoline and 10,000 tonnes of diesel that China said it will provide in an effort to ease the quake-induced fuel shortage in Japan.
Market sources said PetroChina will supply 10,000 tonnes of gasoline, while Sinopec will provide the 10,000 tonnes of diesel.
With additional reporting by Fanny Zhang
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