Unipec And ENOC Place Lowest Offers In Bangladesh Oil Import Tender – Sources

Unipec And ENOC Place Lowest Offers In Bangladesh Oil Import Tender – Sources

DHAKA (Reuters) – Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.

The state-owned company was seeking between 1.1 million tonnes and 1.28 million tonnes of 500ppm sulphur gasoil, 100,000 tonnes of jet fuel and 120,000 to 140,000 tonnes of 180-cst high-sulphur fuel oil.

Unipec, the trading arm of China’s state-owned Sinopec, placed the lowest offer for the gasoil and jet fuel cargoes, beating eight other traders, two BPC officials familiar with the matter said.

It has offered to sell gasoil to Bangladesh at a premium of between $3.05 and $3.08 per barrel to Middle East quotes and offered jet fuel at a premium of $4.10 a barrel, they said.

Emirates National Oil Co (ENOC) made the lowest offer for fuel oil cargoes, against five other companies. Read More

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