SEOUL: South Korea’s second-biggest refiner GS Caltex said Monday it has bought another 1 million barrels of US crude from the Eagle Ford shale play in Texas. The cargo is scheduled to arrive at Yeosu port in December, a company official told S&P Global Platts.
GS Caltex operates four crude distillation units at the Yeosu complex with a combined capacity of 785,000 b/d. The company will use the light sweet crude for blending with heavier crudes, the official said, adding that Eagle Ford crude has an API gravity of 45-56 degrees and less sulfur content. The 1 million barrels of Eagle Ford crude bought in July reached Yeosu on Sunday and would be unloaded by Tuesday, the official said.
