RTRS:Asia-Pacific Crude-Awaiting December supplies
SINGAPORE, Oct 8 (Reuters) - Asia-Pacific crude trade slowed
on Monday as the market is waiting for loading programmes to
gauge December supply.
* TENDERS
- Indian Oil Corp (IOC) may have bought 1 million barrels
each of Bonga and Forcados from Shell in its tender, trade
sources said, although this could not be confirmed.
- India's MRPL has floated a tender seeking an oil parcel of
one million barrels for the first time, for December loading, a
tender document showed, as the refiner aims to start its single
point mooring (SPM) by then.
The tender, seeking sweet barrels, would close on Oct. 10
and bids would remain valid until Oct. 12, the document issued
on Friday showed. The company seeks to import 650,000, or a
million barrel size cargo, at the western port of New Mangalore.
* REFINERY
- Sinopec Corp's Qilu refinery is closing on
Monday a 160,000 barrels-per-day crude unit for a planned 25-day
maintenance, an industry official said.
The plant's crude throughput will be down by a third this
month to around 140,000 bpd, versus 212,000 bpd last month, said
the official with direct knowledge of the plant's productions.
* MARKET NEWS
- Vietnam is projected to produce 16.18 million tonnes, or
325,000 barrels per day of crude oil this year, beating an
initial target by more than 2 percent, after putting new wells
in operation, state oil and gas group Petrovietnam said.
- Only two of the 16 cargoes of North Sea Forties crude oil
due to load in October have retained their original dates, trade
and shipping sources said on Friday, as almost the entire
schedule is deferred due to lower-than-expected production.
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