(MENAFN) Saudi Arabia's Jubail refinery will launch its first diesel shipment to Europe for the first time this month, Arab News reported
The cargo will be at 80,000 tons and will be sent on board the Pacific Sky tanker and is likely to dock in France
Analysts at JBC Energy said: "European refiners appear to have ceded market share at home to their international competitors and will surely have difficulties regaining it over this year, especially given the fact that diesel streams from new Middle Eastern refineries have not hit the market yet.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.