No #17

The Financial Daily - - CONTINUATIONS -

The state-owned com­pany is seek­ing a to­tal of 830,000 tonnes, or a monthly av­er­age of 277,000 tonnes. PSO had pre­vi­ously de­ferred some car­goes from De­cem­ber to Jan­uary, and im­ported only low-sul­phur grades for Fe­bru­ary and March.

PSO is seek­ing 10 65,000-tonne car­goes of high sul­phur fuel oil for de­liv­ery over March to May and three 60,000-tonne car­goes for April to May de­liv­ery. The ten­der will close on Feb. 25.

PSO bought via ten­ders a to­tal of 4.48 mil­lion tonnes of fuel oil in 2014, and the coun­try gen­er­ates a third of its elec­tric­ity through the burn­ing of the heavy dis­til­late.-Agen­cies

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