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Tue 12 Mar 2013 08:57

PetroChina buys 2 million barrels of fuel oil


Fuel oil cargo is scheduled to be loaded from the Caribbean at the end of this month.

Petróleos de Venezuela, S.A. (PDVSA) has sold 2 million barrels of fuel oil to PetroChina Company Ltd., Bloomberg reports.

The Venezuelan state-owned oil company is reported to have awarded the tender on March 8 after postponing the deadline from March 6.

According to Bloomberg, the 3 percent sulphur parcel is scheduled to be loaded from the Caribbean island of Bonaire from March 30 to April 1.

Last year, according to data released by ICIS, China Marine Bunker (PetroChina) Co Ltd. (Chimbusco) was ranked as China’s largest fuel oil importer with a total of 6.05 - 6.25 million tonnes, up 10 percent on the previous year.

Sinopec Zhejiang Zhoushan Petroleum Co, was second after importing 2.3 - 2.4 million tonnes, up almost 40 percent year-on-year. Shenzhen Brightoil was ranked third with imports of 1.4 - 1.5 million tonnes, which represented a decrease of 20 percent on 2011.

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