Colombia's Ecopetrol to buy Three ULSD Cargoes

Colombia's state-run Ecopetrol has launched a tender to buy three 280,000-290,000 barrel cargoes of ultra low-sulfur diesel (ULSD) to be received June 3-28, according to a document seen by Reuters on Wednesday.

This marks at least the ninth tender that Ecopetrol has held to buy fuels on the open market since its 80,000 barrel per day (bpd) Cartagena refinery started maintenance and expansion work in March that will stop its major units until the second quarter of 2015.

The cargoes, with a maximum of 30 parts per million of sulfur, can be delivered at the U.S. Gulf Coast, the Caribbean or Pozos Colorados port in Colombia, the invitation says.

The company will receive bids until May 21 and they must be indexed to ULSD prices at the U.S. Gulf Coast.

 

Reporting by Marianna Parraga