We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Formosa sells 2 mln bbls Aug Oman crude after fire

Two of three crude distillation units (CDUs) are now operating.


August 5, 2010 11:06 by

Taiwan’s Formosa Petrochemical Corp sold nearly 2.0 million barrels of Oman crude for August loading in the spot market after a blast forced it to shut its refinery in late July, trade sources said on Thursday.

The company declined to comment on the deal and it was not immediately known who the buyers were.

Formosa had said it would defer the arrival of one Very Large Crude Carrier (VLCC) to September from August, and another to the fourth quarter following the blast.

A Formosa spokesman told Reuters on Thursday that two of three crude distillation units (CDUs) are now operating.

Formosa has three CDUs, all of the same capacity, at its 540,000 barrel-per-day (bpd) refinery.

(Reporting by Judy Hua and Florence Tan; Editing by Ramthan Hussain)


Tags: , ,

Leave a Comment