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Formosa Offers to Sell Fuel-Oil for End-September Loading

Formosa Petrochemical Corp. is offering to sell 45,000 metric tons of fuel oil for Sept. 28 to Sept. 30 loading, according to an e-mail sent to prospective buyers.

Formosa Petrochemical is Taiwan’s only publicly traded oil refiner. Details of the offer are as follows:

Product:   High-Sulfur fuel oil
Quantity:  35,000 tons
Sulfur:    Maximum 2 percent
Density:   Maximum 1.10 kilogram per cubic meter
Viscosity: 380 centistoke
Product:   Pyrolysis fuel oil
Quantity:  10,000 tons
sulfur:    Maximum 0.2 percent
Density:   Maximum 1.07 kilogram per cubic meter
Viscosity: 3 centistoke to 50 centistoke
Loading:   Sept. 28 to Sept. 30
Port:      Mailiao, Taiwan
Bids due:  Sept. 14, 12:30 p.m. local time
Validity:  Sept. 14, 6 p.m. local time

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