Singapore-listed China Aviation Oil Corporation Ltd (CAO) has sealed a deal with Saudi Aramco for 2004 to buy more than 200,000 metric tonnes of gasoil. The terms of the deal call for 0.5% sulphur content, with an option to take 0.25% sulphur content at CAO’s preference. This option will increase CAO’s trading flexibility given recent…
SINGAPORE: China Aviation Oil seals large gasoil purchase deal with Saudi Aramco
Posted on December 3, 2003 by EnergyAsia