Ecopetrol to Buy ULSD, Gasoline and Diluent Naphtha

MarineLink.com
Wednesday, March 12, 2014

Reuters - Colombia's Ecopetrol launched several tenders to buy finished fuels and feedstock on the open market, according to documents seen by Reuters on Wednesday.

The 80,000 barrel per day (bpd) Cartagena refinery, operated by Ecopetrol to convert Colombian crudes into fuels to be exported, will shut down several operational units this year to start a $6 billion expansion project that will double its crude distillation capacity, the government has said without providing details of the work plan.

State-run Ecopetrol has launched almost a dozen tenders in recent weeks to be supplied with the fuels it will need during the work, traders said.

According to invitations seen by Reuters, the firm this time is looking for four 280,000-290,000 barrel cargos of ultra low-sulfur diesel (ULSD) with maximum 30 parts per million (PPM) sulfur, to be received at the U.S. Gulf Coast, the Caribbean or Pozos Colorados port in Colombia.

The company expects to receive the cargoes from March 26 to May 5. It will accept offers until March 13 for that tender.

Ecopetrol is also buying two fuel cargoes to be received between March 24 and April 11 at the U.S. Gulf Coast or Buenaventura port in Colombia.

The first one should contain 50,000-55,000 barrels of ULSD with maximum 30 PPM sulfur and the second one must combine 68,000-70,000 barrels of ULSD and 23,000-25,000 barrels of gasoline RON 92. For this tender, Ecopetrol will receive bids until March 12.

The third tender launched by Ecopetrol is to buy one 290,000-310,000 barrel cargo of diluent naphtha for delivery April 7-11 at Pozos Colorados. Prices must be indexed to natural gasoline from Mont Belvieu and bids will be received until March 12.

The company and the Cartagena refinery last month bought on the open market at least two cargoes of gasoline, one cargo of jet fuel, five cargoes of ULSD and three cargoes of diluent naphtha, all to be received in March.

This volume is higher than what the company usually buys on the open market.

(Reporting by Marianna Parraga in Houston and Luis Jaime Acosta in Bogota)

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Petty Officer Convicted, Sentenced

A Coast Guardsman was convicted and sentenced during a General Court-Martial in New Orleans, Thursday. Petty Officer 2nd Class Leonel Hinojosa, 32, was sentenced to reduction to E-1,

Caterpillar to Stay in Peoria

After a multiyear study focused on modernizing its global headquarters, Caterpillar Inc. today reaffirmed it will remain in Peoria, Illinois, and revealed a

Hapag-Lloyd Warn About Verification by German Customs

Hapag-Lloyd has informed that for all import cargo to be discharged at the German ports of Hamburg and Bremerhaven the carrier is responsible to send a complete

Finance

Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"

Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide

Scandlines Concludes Sale of Freight Routes

First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. The contract with First State Investments

EC Okays Maritime Fisheries fund

European Commission has approved Malta’s Operational Program European Maritime Fisheries Fund (EMFF) for the 2014-2020 financial periods, announced Parliamentary

Energy

Caterpillar, Uptake to Create Analytic Solutions

To help customers around the world better understand the health of their equipment and optimize machine availability, Caterpillar Inc.today announced it has

ST Engineering Makes Management Changes

Singapore Technologies Engineering Ltd today announced that Mr Ravinder Singh will replace Mr Sew Chee Jhuen as President of Singapore Technologies Kinetics Ltd (ST Kinetics).

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s

Fuels & Lubes

New Tool for Recovering Oil from Sunken Wrecks

A tool for removing oil trapped in submerged vessels has been developed in Norway by design specialists Miko Marine.   The launch of the Moskito aims to address

Gulf of Mexico Sees First LNG-powered OSV

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered

EC Study on LNG as Shipping Fuel Reveals Industry Backing

As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge.     The study on the perception

News

USCG Petty Officer Convicted, Sentenced

A Coast Guardsman was convicted and sentenced during a General Court-Martial in New Orleans, Thursday. Petty Officer 2nd Class Leonel Hinojosa, 32, was sentenced to reduction to E-1,

Caterpillar to Stay in Peoria

After a multiyear study focused on modernizing its global headquarters, Caterpillar Inc. today reaffirmed it will remain in Peoria, Illinois, and revealed a

Hapag-Lloyd Warn About Verification by German Customs

Hapag-Lloyd has informed that for all import cargo to be discharged at the German ports of Hamburg and Bremerhaven the carrier is responsible to send a complete

Offshore Energy

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Lamprell Delivers Jackup Rig to Greatship

Lamprell announced it has completed construction on jackup drilling rig Greatdrill Chaaru, delivering the rig to Greatship Global Energy Services Pte. Ltd.    Greatdrill

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1651 sec (6 req/sec)