DHAKA: Bangladesh Petroleum Corp (BPC) has issued an international tender to import oil products as part of efforts to buy at cheaper rates by moving away from direct-term deals with suppliers of fuel products.
BPC is seeking 965,000 tonnes of 500 ppm sulphur gasoil, 120,000 tonnes of 180-centistoke high sulphur fuel oil and 90,000 tonnes of jet fuel. The tender closes on Oct 31 and is valid for 75 days to Jan 13, 2017. The buy tender is expected to further boost the Asian gasoil margins, which have gained momentum due to recent curbs in supply from several refineries undergoing maintenance in Asia, traders said.
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