in Zhejiang Free Trade Zone, which owns China's bonded oil business qualification and Sinopec Fuel Oil
Singapore Companyand a joint venture with BP in Singapore.
prices were expected to drop precipitously as the biggest demand source for the product disappears.
On the other hand, due to the sanctions imposed on Iran and foreign companies' reluctance to take part in Iranian refineries' development and optimization projects for producing more valuable products such as gasoline and gas oil, the country was forced to continue keeping and even increasing fuel oil
"We've seen reports of some countries trading with Iran taking advantage of the current, narrow definition of crude oil to purchase fuel oil
," said Rep.
A light distillate fuel oil
that has a distillation temperature of 550 degrees Fahrenheit at the 90-percent recovery point and meets the specifications defined in ASTM Specification D 975.
Keywords: Gasoline, Fuel oil
, Siphonage, Aspiration.
On the surface, it appears possible that ChemChina could replace about 200,000 bpd of fuel oil
imports with crude.
Riyadh: Saudi Arabia, the world's largest crude exporter, doubled imports of fuel oil
this year and is poised to maintain them at a high level to preserve its spare capacity for producing crude, Energy Aspects said.
Superintendents had to climb up on the tank with a giant ruler, and fuel oil
companies had to handle calls from confused owners who did not understand their invoices.
The step is linked to increasing refineries locally on one hand and attaining the precise demands of international clients on the other, Director of Fuel Oil
Sales at KPC Sheikh Khaled Al-Sabah said in an interview with the staff magazine.
THE Middle East fuel oil
market is braced for a tightening third quarter as soaring power generation demand is set to curb Saudi Arabia's exports and Western sanctions could deprive the market of Iranian supplies.
Islamabad -- Pakistan remained at the highest level in fuel purchase this year as more than 450,000 tones of fuel oil
purchased during March, led by higher imports of high-sulphur grade fuel.