Japan Shipping Gas Oil to China
July 12, 2005
Gas oil shipments by Japan Energy Corp. to a unit of China’s biggest oil and gas producer have begun.
The shipments, part of a $57.95 million deal for JEC to export gas oil to PetroChina, will continue through March 2006 and total about 880,000 barrels of maximum 0.005 percent sulfur-content gas oil, Xinhua said Tuesday.
Gas oil, sometimes known as fuel oil, is used in China mostly for transportation and to fuel power plants.
JEC, a refining unit of Nippon Mining Holdings Inc., made the first shipment late last month from an affiliated facility, Kashima Oil Co.’s 190,000 barrel-per-day refinery in eastern Japan.