PDVSA to Sell Jet Fuel and ULSD Cargos for April

Maritime Activity Reports, Inc.

April 4, 2014

Venezuela's state-run PDVSA launched tenders to sell one 240,000 barrel cargo of jet fuel and one 240,000 barrel cargo of ultra low-sulfur diesel (ULSD) for delivery in April, according to documents seen by Reuters on Friday.

The company launched two previous tenders in recent days to buy heavy naphtha and catalytic naphtha. In March it offered seven cargos of different fuels, increasing its typical sales on the open market.

The jet fuel cargo offered this time will be delivered April 20-22 at Amuay refinery, while the ULSD cargo will be loaded in Puerto la Cruz refinery on April 24-26.

The company will receive bids until April 8 for both cargos. The destination should be the U.S. Gulf or East Coasts, Florida, the Caribbean, the Mediterranean, Northwest Europe or West Africa. Offers must be indexed to prices at destination.

(Reporting by Marianna Parraga; Editing by Anna Driver)

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