off-the-wire

Taiwan's CPC Corp to offer one May spot gasoil cargo before refinery overhaul -sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, April 11 (Reuters) - Taiwan's CPC Corp will offer just one gasoil cargo for May loading as it stockpiles product ahead of a refinery overhaul starting in June, several industry sources said on Tuesday.


The state-owned refiner is looking to sell a 300,000-barrel 10 ppm sulphur gasoil cargo loading between May 11 and May 20 via a tender which closes on April 12 and is valid until April 14, a document on the company website showed.


That is down from the 600,000 barrels sold across two April loading cargoes, according to Reuters records. Gasoil production will drop slightly in June as the refiner takes its No. 11 crude distillation unit offline, as well as some corresponding downstream units at its Talin site, a second source said.
(Reporting by Trixie Yap; Editing by Kirsten Donovan)

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