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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

Tanker Trends

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

KOTC Takes Delivery of Product Tanker Mutriba

Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series

New Dual Use Piracy Barrier Launched

Guardian Maritime launched Guardian Greenwater, a new product that was developed to deal with the issue of greenwater on-board deck following turbulent weather conditions,

News

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Video: USCG Medevacs Navy Sailor off Virginia

The U.S. Coast Guard (USCG) medevaced a man Wednesday from a Navy vessel off the Virginia coast after watchstanders at Coast Guard Sector Hampton Roads in Portsmouth

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

Offshore Energy

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

 
 
Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1465 sec (7 req/sec)