Taiwan’s Formosa buys first ever US crude to replace Middle east oil

• Posted in OilGas
• on July 23, 2018
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Taiwanese oil refiner Formosa Petrochemical has bought a US crude oil cargo for the first time to replace Middle East crude, the company spokesman said on Monday.

The company bought 1 million barrels of US Mars crude to be delivered between the second-half of September and the second-half of October as its price was competitive with those of Middle East oil, Formosa’s spokesman KY Lin told Reuters. Vernon Davis Jersey

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