EMEA News
Engen Tenders to Boost VLSFO Supplies
Thursday April 15, 2021
Prolonged plant shutdowns among South Africa's refinery base has seen an uptick in fuel oil imports.
According to price-reporting agency Argus Media, national refiner Engen has issued a 35,000 metric tonnes (mt) for very low sulfur fuel oil (VLSFO) for loading from Singapore, Malaysia or the Mideast Gulf over 17-29 May.
Engen is not a producer 0.5% sulphur LSFO seeking supplies from the import market.
"Its latest tender comes as South African demand is rising because of prolonged shutdowns at Engen's 105,000 b/d Durban refinery and other domestic plants," the agency said citing market participants.
Engen's VLSFO tender closes today and the winner will be notified tomorrow, according to the report.
