Breaking News


Taiwan’s July Oil Imports Fall After Refiner Halted Unit

Taiwan, which imports almost all its crude oil, cut purchases in July after a refiner halted a facility and another lowered operations at a unit.

Shipments fell 15 percent from a year earlier to 22.6 million barrels last month, the Ministry of Finance said in Taipei today. The nation’s July oil bill declined 12 percent to $2.33 billion, the ministry said in a statement.

CPC Corp., the bigger of Taiwan’s two oil refiners, halted a residue desulfurizer in Kaohsiung on May 27 after a fire, while Formosa Petrochemical Corp. (6505) cut operations at a Mailiao gasoline unit because of a glitch.

To contact the reporters on this story: Yu-huay Sun in Taipei at or Chinmei Sung in Taipei at

To contact the editor responsible for this story: Alexander Kwiatkowski at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.