Taiwan's Formosa buys Brazilian crude after issues at refining unit, sources say

Formosa Petrochemical

26/11/2024 10:01

SINGAPORE, Nov 26 (Reuters) - Taiwanese refiner Formosa
Petrochemical  6505.TW  has bought 2 million barrels of
Brazilian crude via a tender following issues at a refining
unit, trade sources said on Tuesday, its first purchase of oil
from Brazil since 2020.
    The refiner bought the Tupi crude cargoes from Shell at
about $1.50 a barrel to dated Brent on a cost-and-freight basis,
they added.
    
    

 (Reporting by Florence Tan; Editing by Andrew Heavens)
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