DHAKA: China’s Unipec and Vitol have secured a tender to supply oil products to Bangladesh after submitting the most competitive prices. State-owned Bangladesh Petroleum Corp (BPC) issued the tender in October, split into three categories, seeking to import 965,000 tonnes of gasoil with a maximum 0.05 per cent sulphur content, 90,000 tonnes of jet fuel and 120,000 tonnes of high-sulphur fuel oil.
“Unipec and Vitol won the tender as they came up with the most competitive offers,” Mozammel Haq, BPC director, told Reuters, adding Unipec will supply all of the gasoil and jet fuel and Vitol the fuel oil.
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corp, quoted the lowest offers to sell gasoil at $2.16 and $2.08 a barrel and jet fuel at $2.76 a barrel. Those prices are premiums over Middle East quotes. Vitol, the world’s largest oil trading house, offered to supply fuel oil by submitting the lowest offer of a premium of $15.80 a tonne to Singapore spot quotes.
