Monday , November 20 2017
Home / Downstream / Hyundai Chemical Buys Aug Qatari Condensate For New Splitter

Hyundai Chemical Buys Aug Qatari Condensate For New Splitter

Hyundai Chemical, a joint venture between Hyundai Oilbank Co and Lotte Chemical, has bought 1 million barrels of Qatari condensate loading in August ahead of the start-up of its new splitter, trade sources said on Tuesday.

The company bought two cargoes of deodorised field condensate (DFC) from traders at $2-$2.50 a barrel above Dubai quotes, the sources said.

Spokesmen at Hyundai Oilbank and Lotte Chemical declined to comment.

Hyundai Chemical is expected to start trial runs at the 110,000 barrels-per-day splitter in Daesan on the country’s west coast in August-September, trade sources had said earlier.

Check Also

download (7)

Nobelwind Offshore Wind Farm, Belgium

The Nobelwind offshore wind farm was developed by Nobelwind NV, a joint venture of Parkwind ...

Leave a Reply

Your email address will not be published. Required fields are marked *