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Taiwan Imports 33 Million Barrels Of Crude In July

Capital Market / 11:07 , Sep 09, 2010

Taiwan imported 33 million barrels of crude oil in July, 12% more than last July, the island's Bureau of Energy said in a statement.

The figure was 1% more than that of June, the largest monthly increase so far this year.

CPC Corp and Formosa Petrochemical Corp refined a total of 4.55 million kiloliters of oil, 9% less than in July last year, or 9% less than in June this year, according to the statement.

Refinery utilization dropped to 73.22% in July from 83.24% in June, said the Bureau.

Separately, CPC had said earlier this month that it expects its crude oil processing volume will drop next year as a result of shutting down certain facilities.

 



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