Petroecuador Awards Tender for 8 ULSD Cargoes

Posted by Joseph Keefe
Tuesday, May 20, 2014

State-run company Petroecuador has awarded a tender to buy 18 cargoes of ultra low-sulfur diesel (ULSD) from U.S.-based oil firm Citizens Energy, a trader close to the deal told Reuters on Tuesday.

The cargoes, of 240,000 barrels each, will be received in Ecuador starting in June.

Ecuador, Latin America's sixth-largest crude producer and the smallest OPEC member, has ramped up tenders to import finished fuels in anticipation of a major overhaul at the 110,000 barrel per day (bpd) Esmeraldas refinery in October.

This is the second tender that Petroecuador has awarded to Citizen Energy in recent months, after buying from it four 210,000 barrel cargoes of cutter stock to produce fuel oil that started to be delivered in April.

Citizen Energy agreed to pay $3.28 per barrel over the ULSD price in the U.S. Gulf Coast, the trader added.

The tender was launched on May 2. The first cargo, with maximum 15 parts per million sulfur, must be received on June 3-5 at Esmeraldas, La Libertad or Punta Arenas terminals, according to the offer's terms.

Oil and trading firms Noble Americas, BB Energy, Taleveras Group, Astra, Delaney, Arkham and Petrochina also bidded in this tender.

 

Reporting By Marianna Parraga

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

Contracts

Kvaerner in Statoil Unmanned Platform Project

Kvaerner say that Statoil has awarded it a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project.

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

DoD Awards US$117-M New Orleans Dredge Contract

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with

Finance

Container Manufacturer Reports Profit Plunge

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014.

Bid to Rescue Clyde Shipbuilder Ferguson

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs,

Scotland Site for World's Biggest Tidal Array

The world’s biggest tidal array is to be built in North Scotland bringing jobs and energy security to the Pentland Firth region, informs a UK Government news release.

Environmental

DoD Awards US$117-M New Orleans Dredge Contract

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with

Chilean Court Rejects Appeal Against Crow River Project

Chile's Supreme Court on Thursday rejected an application for an environmental organization against Crow River hydroelectric project, which plans to build in the

Scotland Site for World's Biggest Tidal Array

The world’s biggest tidal array is to be built in North Scotland bringing jobs and energy security to the Pentland Firth region, informs a UK Government news release.

Fuels & Lubes

LNG America Selects Topside Designer for LNG Bunker Barge

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini

Lithuania Inks First Statoil LNG Deal

Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

BIMCO notes that the highly acclaimed "Double Jeopardy - trial by media, trial by law" first showcased at the BIMCO AGM in Dubai earlier this year is to be brought

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1265 sec (8 req/sec)