DHAKA: Bangladesh Petroleum Corporation (BPC) has concluded first half 2013 term negotiations for oil products at mostly stronger premiums than current contracts, a senior BPC official said on Monday.
The BPC finalised its gasoil term contract at a premium of $4.30 a barrel to Middle East quotes, up from the $3.80 a barrel premium for its July to December term cargoes this year. For large vessels, the premium has been set at $3.62, up from $3.42 a barrel.
The term contract for jet fuel and kerosene has been fixed at a premium of $5.30 a barrel, up from $4.80 a barrel.
The premium for fuel oil for first half of 2013 will remain unchanged from $39.50 a tonne to Singapore spot quotes for October-December term cargoes.
BPC, the country's sole oil importer and distributor, will import around 2.60 million tonnes of gasoil, 700,000 tonnes of fuel oil, 510,000 tonnes of jet oil, 60,000 tonnes of 95-gasoline octane and 20,000 tonnes of kerosene in the next year.
Kuwait Petroleum Corporation (KPC) will supply around 1.02 million tonnes of gasoil in 2013 and 210,000 tonnes of jet fuel.
Malaysia's Petronas will supply 460,000 tonnes of gasoil, 240,000 tonnes of fuel oil, 120,000 tonnes of jet fuel and 20,000 tonnes of kerosene.
Around 180,000 tonnes each of gasoil and fuel oil will be sourced from Emirates National Oil Company (ENOC) and 500,000 tonnes of gasoil and 20,000 tonnes of fuel oil from Egypt's Middle East Oil Refinery.
Philippines National Oil Company (PNOC) will supply 214,000 tonnes of gasoil and 60,000 tonnes of 95-octane gasoline and PetroChina will supply 120,000 tonnes of gasoil and 40,000 tonnes of fuel oil in the next year.
Vietnam's Petrolimex will sell 220,000 tonnes of fuel oil and 60,000 tonnes of gasoil and Indonesia's Bumi Siak Pusako 40,000 tonnes of fuel oil to the BPC.
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