financetom
Business
financetom
/
Business
/
Taiwan's FPCC shuts Mailiao refinery port after quake, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Taiwan's FPCC shuts Mailiao refinery port after quake, sources say
Apr 3, 2024 12:06 AM

SINGAPORE, April 3 (Reuters) - Taiwan's Formosa

Petrochemical (FPCC) has stopped operations at its

port at the Mailiao refinery as a precautionary measure

following a powerful earthquake, two people with knowledge of

the matter said.

The company is expected to resume operations at the port on

Wednesday at around 3 p.m. (0700 GMT), one of the sources said.

There could be a delay of a day or two for some fuel

products discharging and loading from the port because of the

earlier tsunami warnings, one of the sources said, adding that

exact timings will have to be checked as some vessels are

scheduled to dock at the port on Thursday.

FPCC could not be immediately reached for comment.

At least one fuel product vessel - the Harrisburg - is

waiting to berth at Mailiao port, Kpler shiptracking data

showed.

The Harrisburg is scheduled to load jet fuel and 500ppm

sulphur gasoil in the next two days, the data showed.

Separately, two chemical tankers and one clean products

tankers are currently berthed at Mailiao port, the data added.

On the crude oil front, there is unlikely to be any impact

on arrivals since the refiner is scheduled to receive one

Saudi-origin cargo on April 8, sources said.

FPCC operates the 540,000 barrels per day refinery, which is

in Yunlin county in western Taiwan.

Four people died and more than 700 were injured after the

7.2 magnitude earthquake hit the island's remote east coast,

away from most of its power and oil infrastructure.

Meanwhile, state-owned refiner CPC Corp says it

still investigating the impact of the quake on its refinery and

port operations.

Some operational and safety checks are ongoing at CPC Corp's

Taoyuan refinery units given its proximity to the quake's

epicentre, but so far crude runs have not been affected

significantly, one source familiar with the matter said.

CPC Corp operates a 200,000-bpd refinery at Taoyuan in

northern Taiwan and a 450,000-bpd refinery at Talin, in

southwest Taiwan.

Refinery operations at the company's Talin site are

unaffected so far, a second source said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Genmab to Acquire ProfoundBio for $1.8 Billion
Genmab to Acquire ProfoundBio for $1.8 Billion
Apr 3, 2024
03:21 AM EDT, 04/03/2024 (MT Newswires) -- Genmab ( GMAB ) agreed to acquire privately owned biotechnology company ProfoundBio in an all-cash deal worth $1.8 billion, the companies said in a joint statement on Wednesday. The acquisition will give Genmab ( GMAB ) worldwide rights to ProfoundBio's portfolio of antibody-drug conjugates, comprising three candidates in clinical development, including rinatabart sesutecan,...
Taiwan's FPCC shuts Mailiao refinery port after quake, sources say
Taiwan's FPCC shuts Mailiao refinery port after quake, sources say
Apr 3, 2024
SINGAPORE, April 3 (Reuters) - Taiwan's Formosa Petrochemical (FPCC) has stopped operations at its port at the Mailiao refinery as a precautionary measure following a powerful earthquake, two people with knowledge of the matter said. The company is expected to resume operations at the port on Wednesday at around 3 p.m. (0700 GMT), one of the sources said. There could...
Kazakhstan's Kashagan restored oil output on April 2, operator says
Kazakhstan's Kashagan restored oil output on April 2, operator says
Apr 2, 2024
ALMATY, April 3 (Reuters) - Output at Kazakhstan's giant Kashagan oilfield was fully restored on April 2 after a brief stoppage on April 1 caused by a fire or gas alarm which turned out to be false, the field's operator said on Wednesday. Sources told Reuters on Tuesday that output at the field, one of Kazakhstan's largest, fell to 30,342...
Japanese trading house Itochu expects 10% higher profit this financial year
Japanese trading house Itochu expects 10% higher profit this financial year
Apr 3, 2024
TOKYO (Reuters) - Japanese trading house Itochu ( ITOCF ) on Wednesday forecast a 10% rise in its net profit to 880 billion yen ($5.8 billion) this financial year, from an estimated 800 billion yen a year earlier, and expected a shareholder return ratio of 50%. Unveiling its new management plan for the 2024/25 financial year that started on April...
Copyright 2023-2025 - www.financetom.com All Rights Reserved