The pipeline is likely to be operational by the end of October 2019
The cargo is for March 29 to 30 delivery
OPEC member Iran has for years struggled to meet its domestic fuel needs
Term deal to help IOC diversify away from OPEC suppliers
Both sources said strong demand and low gasoline prices amid a glut of the fuel likely prompted the refiner to import.
Synova produces around 20,000 tonnes of high-grade polypropylene from recycled plastics for car manufacturers.
Middle East crude benchmarks Dubai and Oman eased on Monday
Qatar Petroleum will sign contracts on Monday with General Electric, Schlumberger, Mcdermott, and Qatar's Nakilat $2.47bln
State-run IOC had previously purchased U.S. oil from spot markets
Indonesia has been pushing for all diesel fuel used in the country
Bad news from Venezuela already largely priced in, and U.S. supplies continue to flourish
Africa's renewable sector offers opportunities for Gulf investors
The International Maritime Organization’s directives mean the UAE will have to review its business models and work with investors and bankers to create profitable solutions
Oil staged a solid rebound following the OPEC production cut