Korea East-West Power Buys 72,000 Tons of Fuel Oil for February

By Yuji Okada

Jan. 19 (Bloomberg) -- Korea East-West Power Co., one of the six generating units of Korea Electric Power Corp., bought 72,000 metric tons of medium-sulfur fuel oil for delivery in February, said a company official who asked not to be identified because of company policy.

The table below gives details of the purchase.

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Products:     540-centistoke fuel oil
Sulfur:       Maximum 2.5 percent
Quantity:     72,000 tons
Delivery:     February 13-17
Seller:       SK Energy Co.
Price:        **MOPS 180-centistoke fuel oil plus $30 a ton
             (Cost-and-Freight)
Port:         Ulsan thermal power plant
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**MOPS = Mean of Platts Singapore. Platts is an oil-pricing service.

The oil’s centistoke rating is a measure of its viscosity, or flow rate, when heated. Fuel oil with a higher centistoke rating has a slower flow rate.

To contact the reporter on this story: Yuji Okada in Tokyo at yokada6@bloomberg.net