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Ukraine’s gas imports up 51 percent this year

Ukraine’s natural gas imports so far this year are up 51 percent at 11.8 billion cubic metres (bcm), Ukrainian state-run energy firm Naftogaz said. Naftogaz itself has bought 7.5 bcm of gas in the first 10 months of the year, up 5.8 bcm on the same period last year. Ukraine, which previously met its gas needs from Russia, has been buying gas from European states since halting Russian imports in November 2015, following Moscow’s annexation of Crimea the previous year. “This year, Naftogaz is procuring imported gas from 13 European ...

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India: Government is keen to reduce oil imports: Praj Ind

Praj Industries has been buzzing off late with a 40 percent gain so far this week. In an interview to CNBC-TV18, Pramod Chaudhari, Executive Chairman of the company spoke about the latest happenings in his company and sector. Oil marketing companies (OMCs) have put out tenders for 3.3 billion litre of ethanol procurement, which is a very good sign, he said. According to him, ethanol blending programme in India is on the maturity curve and we expect it to continue and that should result in some kind of investments in ...

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Kurdistan oil exports on rise, but below original output levels: source

Oil flows in Kurdistan are on the rise despite sanctions imposed by Baghdad after the Region’s vote for secession, but still remain below their original output levels, according to oil sources. The Kurdistan Region’s oil production rose over the past month, reaching their highest levels since heightened tensions between the Kurdistan Regional Government (KRG) and the Iraqi government reached a critical point following the historic Sep. 25 independence referendum. According to oil sources, although crude flow is on the rise, the total volume is still about half of the original ...

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EU awards 34,704 T wheat imports under tariff-rate quotas

The European Union awarded this week 34,704 tonnes of wheat imports under its tariff-rate quotas, official data showed on Thursday. This included 24,370 tonnes of wheat under a reduced-tariff quota open to all origins except the United States, 248 tonnes under a reduced-tariff quota open to all origins, and 10,086 tonnes under a tariff-free quota for Canadian wheat, the data showed. Source: Reuters

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Thai rice exports hit initial 10 million tonne target, more shipments seen

Thailand’s rice exports have topped 10 million tonnes this year, in line with an initial government target, but the commerce minister said on Thursday shipments are expected to rise further when a deal to sell to Bangladesh is finalised. The world’s second-biggest rice supplier after India has exported 10.2 million tonnes of rice so far this year, worth 150 billion baht (S$6.1 billion), according to data from the Thai customs department. Thailand had initially targeted rice exports of 10 million tonnes for this year, but the government said in August ...

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Hoegh LNG pulls out of Pakistan LNG import project

Shipping company Hoegh LNG cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan. This month Hoegh LNG announced the consortium behind the project, including Exxon Mobil, France’s Total and Qatar Petroleum, had dissolved due to unresolved differences with GEI, adding that it was evaluating its own options. Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker ...

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Taiwan’s CPC buys U.S. crude for Jan-Feb delivery, skips African oil

Taiwanese refiner CPC Corp has bought 4 million barrels of U.S. crude via tender for January-February delivery, skipping African oil, two sources with knowledge of the matter said on Friday. Occidental and Unipec sold 2 million barrels each of the West Texas Intermediate (WTI) Midland crude to CPC, they said. This would be CPC’s second purchase of U.S. crude in two months and replaces Angolan crude which the refiner typically buys. The supplies are part of a large influx of U.S. crude heading to Asia after WTI prices fell to ...

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Bharat Petroleum launches two new LNG tenders for supply: trade sources

India’s Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in January and a separate tender for three cargoes for May, August and October, trade sources said. Bharat seeks a spot cargo for Jan. 19-21 delivery into the Dahej import terminal, with bids due on or before Dec. 5 and the award due to be made on Dec. 7, one trader said. In a parallel tender, Bharat requires a cargo in May, August and October. Bids for this tender must be submitted on or ...

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China imports no iron ore, lead, coal from North Korea in October

China imported no iron ore, lead or coal from North Korea in October as new sanctions against the isolated nation came into force, while the world’s second-largest economy did not export any diesel, gasoline or corn to the country, data showed on Friday. The data represents the first whole month since the latest United Nations penalties came into force on Sept. 5, banning Pyongyang from selling coal, iron ore, lead, lead ore and seafood abroad. It follows numbers on Thursday showing China’s total trade with North Korea fell to its ...

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Brazil’s Anec sees more corn exports, 2017 still tough for traders

Brazilian grain exporters association Anec revised upward its forecast for corn exports this year, but commodities traders operating in the country may still see their worse performance in a decade as margins are squeezed amid a bumper harvest. Sérgio Mendes, director general at Anec, said during an industry event in São Paulo that the association sees Brazil exporting 33 million tonnes of corn this year due to a drought in Eastern Europe. That estimate rose from a forecast of 30 million tonnes released earlier in November. Although Brazil is expected ...

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S.Korea’s WP seeks to buy 950,000 t/y of coal for 2018-2022

Korea Western Power Co Ltd (WP) seeks to buy a total of 950,000 tonnes per year of coal via four-year term tenders, the state-run utility said on its website (www.iwest.co.kr/eng/). The tenders will close at 10 a.m. (0100 GMT) on Nov. 30 and other details are as follows: TONNES/YEAR SPECIFICATION (NCV) CONTRACT PERIOD 550,000 min. 5,700 kcal/kg Feb 2018-March 2022 400,000 min. 4,600 kcal/kg Feb 2018-March 2022 *Note: NCV stands for Net Calorific Value. Source: Reuters (Reporting By Jane Chung; Editing by Biju Dwarakanath)

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Gas Exports to Turkey Top 5 bcm in 6 Months

I ran has exported 5.4 billion cubic meters of natural gas to Turkey during the first six months of the current fiscal year (March 21–Sept. 22) through the Bazargan district, a border crossing in West Azarbaijan Province northwest of Iran, the managing director of Iranian Gas Transmission Company said. “Gas export to Turkey stood at 8 billion cubic meters in 2016. Daily supplies have reached 30 million cubic meters per day on average this year,” Saeed Tavakkoli was also quoted as saying by IRNA on Wednesday. As per the agreement ...

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Taiwan’s CPC buys U.S. crude for Jan-Feb delivery, skips African oil

Taiwanese refiner CPC Corp has bought 4 million barrels of U.S. crude via tender for January-February delivery, skipping African oil, two sources with knowledge of the matter said on Friday. Occidental and Unipec sold 2 million barrels each of the West Texas Intermediate (WTI) Midland crude to CPC, they said. This would be CPC’s second purchase of U.S. crude in two months and replaces Angolan crude which the refiner typically buys. The supplies are part of a large influx of U.S. crude heading to Asia after WTI prices fell to ...

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Freight costs suppress Thai appetite for Mediterranean crude

Crude oil trade flows from the Mediterranean to Southeast Asia could remain slow for the rest of the fourth quarter with Thai refiners maintaining their low sulfur crude procurement choices mainly within the regional markets, as the high cost of shipping oil from West to East hampers demand for European arbitrage deals. Cash differentials for various crude grades in Malaysia and Oceania have been rallying over the past few trading cycles, but Thai end-users have had limited options when trying to seek cheaper sweet crude barrels outside the region as ...

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China independent refiners group applied for 2018 fuel export quotas

A newly formed group of China’s independent oil refiners filed an application with the country’s Ministry of Commerce on Wednesday for fuel export quotas next year, a source with one of the group’s member companies said. The government has excluded independent plants this year from exporting refined fuel, having granted quotas only to state refiners. In September, a group of six independent oil refiners set up the $5 billion joint venture, named the Shandong Refining & Chemical Group, to compete with the state-owned oil companies and privately owned chemical companies. ...

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