Pacific Rubiales Seeks to Sell Colombian Crude
Canada-listed oil firm Pacific Rubiales launched a tender to sell two cargoes of Colombian Castilla crude and a cargo of Vasconia crude for delivery during September at Covenas port, according to an invitation seen by Reuters on Monday. The first cargo containing 1 million barrels of Castilla heavy crude will be loaded on Sept. 7-11 and the second one with 1.5 million barrels of the same grade will be loaded on Sept. 18-23. A 500,000 barrel cargo of Vasconia medium crude will also be loaded at Covenas on Sept. 18-23. Sellers of these cargoes will include any combination of Pacific's subsidiaries. The company will receive bids until August 6 and they must be indexed to West Texas Intermediate or Brent crudes front month prices. Pacific Rubiales, Colombia's No.
Pacific Rubiales Tenders to Sell Castilla Crude
Reuters - A unit in Colombia of Toronto-based oil firm Pacific Rubiales launched a tender to sell two 1-million-barrel cargoes of heavy Castilla crude for delivery in April, according to an invitation seen by Reuters on Monday. Pacific sold to Norway's Statoil one 500,000-barrel cargo of Colombian Vasconia medium crude earlier this month and offered on the open market a cargo of Castilla crude that will be delivered at the end of March. The first Castilla cargo being offered this time will be loaded at Covenas port between April 1 and April 15 and the second one will be delivered in the second half of the month. Bidders should submit offers indexed to WTI or Brent front month prices until March 4, the company said.
