VOL. XLIII

No. 22

29-May-2000

SAUDI ARABIA/IRAN

Formosa Petroleum Starts Term Crude Contracts With Saudi Arabia And Iran

Taiwans first and only private oil refining company, Formosa Petroleum Corporation (FPC), will start receiving its first term high-sulfur sour crude supplies from Saudi Arabia and Iran by mid-June, with first loadings from the Gulf starting at the end of May, MEES learns. The initial crude supplies will be processed at the FPC refinery, where a new 73,000 b/d residue catalytic...