ANL 33.20 Decreased By ▼ -1.15 (-3.35%)
ASC 15.43 Increased By ▲ 1.03 (7.15%)
ASL 23.86 Decreased By ▼ -0.14 (-0.58%)
AVN 89.25 Decreased By ▼ -2.20 (-2.41%)
BOP 7.78 Increased By ▲ 0.08 (1.04%)
BYCO 9.71 Increased By ▲ 0.07 (0.73%)
DGKC 115.00 Decreased By ▼ -0.50 (-0.43%)
EPCL 50.50 Decreased By ▼ -0.51 (-1%)
FCCL 23.40 Increased By ▲ 0.10 (0.43%)
FFBL 26.40 Increased By ▲ 0.40 (1.54%)
FFL 16.18 Increased By ▲ 0.28 (1.76%)
HASCOL 9.29 Increased By ▲ 0.29 (3.22%)
HUBC 79.00 Increased By ▲ 0.05 (0.06%)
HUMNL 6.10 Decreased By ▼ -0.15 (-2.4%)
JSCL 20.40 Increased By ▲ 0.24 (1.19%)
KAPCO 40.21 Increased By ▲ 0.05 (0.12%)
KEL 3.90 Decreased By ▼ -0.09 (-2.26%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 44.50 Decreased By ▼ -0.50 (-1.11%)
PAEL 32.27 Decreased By ▼ -0.27 (-0.83%)
PIBTL 9.99 Increased By ▲ 0.15 (1.52%)
POWER 8.80 Decreased By ▼ -0.05 (-0.56%)
PPL 82.80 Increased By ▲ 1.21 (1.48%)
PRL 24.95 Increased By ▲ 1.31 (5.54%)
PTC 9.26 Increased By ▲ 0.04 (0.43%)
SILK 1.35 Decreased By ▼ -0.02 (-1.46%)
SNGP 43.68 Increased By ▲ 1.88 (4.5%)
TRG 182.80 Increased By ▲ 4.62 (2.59%)
UNITY 41.25 Increased By ▲ 2.87 (7.48%)
WTL 1.68 Decreased By ▼ -0.01 (-0.59%)
BR100 4,959 Increased By ▲ 32.4 (0.66%)
BR30 25,887 Increased By ▲ 233.44 (0.91%)
KSE100 45,982 Increased By ▲ 191.46 (0.42%)
KSE30 18,826 Increased By ▲ 108.77 (0.58%)

Coronavirus
VERY HIGH
Pakistan Deaths
19,752
13524hr
Pakistan Cases
882,928
256624hr
Sindh
299,913
Punjab
328,775
Balochistan
23,931
Islamabad
79,371
KPK
127,224

gas pipe line 400SINGAPORE: Jordan Petroleum, the country's sole refiner, has bought 350,000 tonnes of gasoil for delivery over January and February from trading firm BB Energy, industry sources said on Monday.

 

It bought the 0.5 percent sulphur gasoil cargoes at a premium of $30.78 a tonne above Middle East 0.25 percent sulphur gasoil quotes, they said.

 

Jordan Petroleum was seeking four cargoes of 50,000 tonnes each for delivery over Jan. 3-7, Jan. 13-16, Jan. 20-23 and Jan. 27-30. It was also seeking another 150,000 tonnes for delivery in February.

 

The cargoes are to be delivered into Aqaba port.  The company has changed its pricing formula to reflect a global move towards cleaner fuel specifications, they added.

 

The cargoes it buys for January delivery onwards will be priced off the 0.25 percent sulphur Middle East gasoil quotes published by pricing agency Platts, instead of the current 0.5 percent sulphur gasoil quotes, the traders said.  From next year, Platts will lower the sulphur specification of its benchmark gasoil assessment in Singapore and the Middle East to 500 ppm from 5,000 ppm, which has prompted many companies to change their gasoil contracts.

 

 Jordan Petroleum last bought 150,000 tonnes of gasoil for delivery in December from Glencore at a premium of $29.69 a tonne to 0.5 percent sulphur Middle East gasoil quotes, traders have said.

 

 Jordan's economy has been hurt by regional protests and energy supply disruptions tied to the Arab Spring, supporting oil imports, traders said.

 

 Winter has also led to a slight spike in import of gasoil, which is normally used as heating fuel in many countries, an industry source had said earlier.

 

Copyright Reuters, 2012