Taiwan’s FPCC awards 2013 term jet kerosene tender

15 November 2012 14:46  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) has awarded a tender offering 300,000 bbl per quarter of jet kerosene for 2013, a company source said on Thursday.

FPCC awarded the tender, which closed on 12 November, to four buyers at Singapore market quotes plus 25-30 cents/bbl FOB (free on board) Mailiao, the source added. The buyers included Vitol and a Hong Kong affiliate of a Chinese oil major.

This is the one year-term tender for jet kerosene offered by FPCC for a number of years, the source said.

In its last spot tender, FPCC sold 300,000 bbl of jet kerosene for loading on 6-10 December to Shell at a higher premium of Singapore market quotes plus 60-65 cents/bbl FOB (free on board) Mailiao, the source added.

FPCC operates the 540,000 bbl/day Mailiao refinery in Taiwan.


By: James Dennis
+65 6780 4327



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