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.
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