The refinery could produce up to 250,000 barrels per day of ULSD, or 10-ppm gasoil, when it hits full capacity.European countries have been looking to replace supply from Russia after the European Union imposed an embargo on Russian oil product imports from Feb. 5.
"Increasing availability of Middle Eastern gasoil will also weigh on arbitrage opportunities to ship Asian gasoil to West of Suez," FGE analysts said in a note.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »