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Taiwan July oil imports fall after Formosa Plastics accident

from Bloomberg

Taiwan, which imports more than 99 percent of its crude oil needs, purchased less of the fuel last month after an accident at Formosa Plastics Group reduced processing capacity. Shipments declined 27 percent from a year earlier to 27.2 million barrels last month, the Ministry of Finance said. The island's July oil bill climbed 10 percent to $3.02 billion, the ministry said in a statement. more


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