Dhaka, Wednesday, November 21, 2018 11:07 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Unipec, Vitol poised to win tender to supply fuels to Bangladesh

Bangladesh Petroleum Corporation (BPC) has received offers from a mix of traders and state oil companies in its tender for over 1.4 million tonnes of oil products for the first half of 2019, with Unipec and Vitol giving the best quotations.

“Unipec is supposed to win the tender for both gasoil and jet fuel as they came up with the lowest offers. And Vitol is likely to secure the tender for fuel oil and gasoline as their offers are (the) lowest,” said a senior official of BPC.

The deals with Unipec and Vitol will be finalised within a short time after verifying all other details, the official said.

China’s Unipec - trading arm of Chinese state major Sinopec - gave the lowest offer for gasoil and jet fuel at premiums to Middle East quotes of slightly below $2.90 and $3.70 a barrel respectively, according to the official.

The Asian unit of trading house Vitol submitted gasoil and jet fuel offers that were slightly higher.

Vitol Asia gave the lowest offers, however, at premiums to Middle East quotes for gasoline slightly under $4.25 a barrel and fuel oil at about $22.30 a tonne, the BPC official said.

Other sellers who participated in BPC’s import tender include PetroChina, Sinochem, Emirates National Oil Company (ENOC), Trafigura, PTT and Gunvor.

Bangladesh typically imports about 3.2 million tonnes of diesel and 2.5 million tonnes of fuel oil annually, making it one of the top 10 importers for those fuels in Asia.

Print Friendly and PDF

   You may also like

Category: Petroleum
Bangladesh tenders for 1.425m tonnes of oil products

Category: Petroleum
Hasina, Modi inaugurate construction of 130km cross-border oil pipeline

Category: Petroleum
Sheikh Hasina, Modi to open Bangladesh-India oil pipeline Tuesday

Category: Petroleum
BPC makes Tk26cr profit in 4 years

Category: Petroleum
Bangladesh urges French help for energy sector

Category: Petroleum
China to give $554m for Single Point Mooring project

Category: Petroleum
15-yr deal likely with India to import diesel thru’ pipeline

Category: Petroleum
No fuel price cut for now

Category: Petroleum
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Petroleum Stories
Bangladesh tenders for 1.425m tonnes of oil products
Hasina, Modi inaugurate construction of 130km cross-border oil pipeline
Sheikh Hasina, Modi to open Bangladesh-India oil pipeline Tuesday
BPC makes Tk26cr profit in 4 years
Bangladesh urges French help for energy sector
China to give $554m for Single Point Mooring project
15-yr deal likely with India to import diesel thru’ pipeline
No fuel price cut for now
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit
Govt going to reduce fuel price again


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy