Tuesday, March 06, 2012

Formosa to hike production of crude oil, petrochemicals in March on recovering global energy demand

As global energy demand recovers, Formosa Petrochemical expects crude runs to rise to 440,000 bpd in March from 320,000 bpd in February. Formosa is likely to process more crude oil and produce more peetrochemicals in March than in February 2012, expecting crude runs to rise to 440,000 bpd in March from 320,000 bpd in February.

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