SINGAPORE: Taiwan has exported a total of 851,307 barrels of fuel oil in July, almost nine times the amount it had exported in June, official data showed.
The surge in exports could be due to maintenance and technical problems at different secondary units owned by the country's two refiners - CPC Corp and Formosa Petrochemical Corp.
Formosa had been unable to operate its two residue fluid catalytic crackers (RFCCs) at high rates at the same time due to different issues.
Both RFCC, which uses fuel oil as a feedstock, have the same capacity of 84,000 barrels per day (bpd) each.
Its No.2 RFCC was shut for a prolonged period from March to July for maintenance. Its No.1 unit started experiencing technical issues and was unable to operate at high rates in July.
CPC, on the other hand, has taken down a residue desulphurizer (RDS) since May and has not restarted the unit after it was hit by a fire. RDS removes sulphur from oil products including fuel oil and crude.
Taiwan's total crude imports for July was down 6.2 percent from the previous month due likely to lower refinery runs.
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