Taiwan’s Formosa Petrochemicals Corp imports an average of 7-8 Very Large Crude Carriers (VLCCs) a month, each carrying 2 mln barrels of crude. About 90% of the crude is imported through term contractts with major Gulf producers except Oman and Qatar.
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Thursday, July 29, 2010
Formosa asks suppliers to defer crude imports, plans to delay exports, boost safety checks
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