Bloomberg News

Taiwan June Oil Imports Rise After Chemical Output Climbs

July 09, 2012

Taiwan, which imports more than 99 percent of its oil needs, purchased more crude in June as demand was boosted by increased petrochemical production.

Shipments rose 6.7 percent from a year earlier to 24.4 million barrels last month, the Ministry of Finance said in Taipei today. The island’s oil bill last month climbed 5.1 percent to $2.71 billion, the ministry said in a statement.

Taiwan’s output of chemical materials increased 4 percent in May from a year earlier, the Ministry of Economic Affairs said in a statement on June 22. Production gained after customers’ stockpiles declined, according to the ministry.

To contact the reporters on this story: Yu-huay Sun in Taipei at ysun7@bloomberg.net;

To contact the reporter on this story: Chinmei Sung in Taipei at csung4@bloomberg.net.


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