Formosa to double 10 ppm gasoil exports from 2016

摘要

Singapore—Taiwan’s private refiner Formosa Petrochemical Corp. plans to double 10 ppm sulfur gasoil exports from January 2016 in line with a change in fuel specifications to Euro 4-compliant standards in the Philippines from January 1 next year, market sources said Wednesday. Formosa is expected to bump up monthly exports of 10 ppm sulfur gasoil to eight medium- range sized cargoes of 300,000 barrels each, from the current three to four clips a month, a source close to the company said.