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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 ysun7@bloomberg.net or Chinmei Sung in Taipei at csung4@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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