Taiwan’s July Oil Imports Fall After Refiner Halted UnitYu-huay Sun and Chinmei Sung
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. cut operations at a Mailiao gasoline unit because of a glitch.