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Colombia, Jamaica refineries to import fuel, Peru exports: tenders
October 23, 2013 / 9:33 PM / 4 years ago

Colombia, Jamaica refineries to import fuel, Peru exports: tenders

HOUSTON (Reuters) - Colombia’s oil company Ecopetrol (ECO.CN) and its Cartagena refinery launched a tender to buy two cargoes of jet fuel and ultra low sulfur diesel (ULSD) to be received at Mamonal port, according to tender documents seen on Wednesday by Reuters.

With the autumn refining maintenance season approaching to its peak in November and regional demand growing, several refineries in Latin America are looking for finished fuels to buy until the end of the year.

The first cargo, to be delivered to Ecopetrol on November 18-20, must include 58,000 to 60,000 barrels of jet fuel and 145,000-150,000 barrels of ULSD.

A second cargo of 85,000-90,000 barrels of ULSD must be delivered on November 25-27. Bids will be accepted until October 23, the invitation says, and the prices should reference prices of the U.S. Gulf Coast pipeline.

The 80,000 barrels per day (bpd) Cartagena refinery is solely operated by state-run Ecopetrol, after purchasing in 2009 the stake formerly held by the Swiss-based commodities firm Glencore.

Ecopetrol had launched a tender this month to buy two cargoes of gasoline and two cargoes of diluent naphtha for November. The state-run company also put an offer to sell three 500,000 barrel cargoes of Vasconia medium crude to be delivered in the same month.

Petrojam, the company that operates the 35,000 bpd Kingston refinery in Jamaica, seeks to import gasoline with 87 to 90 octanes. The two cargoes of 80,000 to 100,000 barrels each must be delivered on November 1-15 and offers will be accepted until October 30.

Kingston, managed by a joint venture that includes state-run Petroleum Corporation of Jamaica (PCI) and Petroleos de Venezuela PDVSA.UL, is the second PDVSA overseas refinery to launch an offer this month to import finished fuels for the domestic market. Previously, there was a tender by Dominican Republic’s Refidomsa.

The Peruvian branch of Argentina’s Pluspetrol also launched a tender to offer three 300,000-barrel cargoes of natural gasoline, which is a liquid with a vapor pressure in between natural gas condensate and liquefied petroleum gas.

It will be sold at the Pisco port from November 15 to December 25 by the partners of blocks 56 and 88 in the Camisea field, Peru. Bids will accepted until October 29.

The companies involved in the development of these fields also include Repsol (REP.MC), U.S. Hunt Oil, Argentine Tecpetrol, the Korean holding SK Innovation (096770.KS) and Argelia’s Sonatrach.

Pluspetrol sold last month one 380,000-barrel cargo of Peruvian Loreto crude that will be delivered in November.

Reporting by Marianna Parraga; Editing by Terry Wade and Bob Burgdorfer

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