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Sources say that Taiwan's CPC Corp. offers March jet fuel as a rare offer.

Sources say that Taiwan's CPC Corp. offers March jet fuel as a rare offer.

Three trade sources on Tuesday said that Taiwan's CPC Corp. is looking to export jet fuel in March. This would be the first time in almost three years that it has made such an offer.

They added that the state-owned oil company issued a tender for a combined cargo of 150,000 jet fuel barrels and 150,000 jet fuel barrels with 10ppm of sulphur.

It was not possible to confirm exact loading details. One source stated that the tender will close on February 19, but it is valid until February 20.

A second source said that the rare move was due to the refinery having more than expected stocks of aviation and heating oil, but further details were not confirmed.

CPC Corp is a frequent spot buyer of jet-fuel, acquiring up to four 300 000 barrel cargoes in the past year, according to tender records.

Last month, the refiner sold a 300,000 barrel shipment of 10ppm gasoil with a discount between 20 and 30 cents per barrel for loading on March 16-22.

(source: Reuters)