State-Run Petroecuador Tenders To Buy 18 Diesel Cargoes

Tres Bocas maritime terminal, image: Petroecuador

HOUSTON, May 5 (Reuters) – State-run oil company Petroecuador is offering to buy up to 18 diesel cargoes, 240,000 barrels each, with deliveries starting on June 3-5, according to a document seen by Reuters on Monday.

The company has ramped up tenders in recent weeks to import fuels and refining feedstock in anticipation of an overhaul at its 110,000 barrel per day (bpd) Esmeraldas refinery scheduled for October through November.

In April, it bought on the open market four cutter stock cargoes to produce fuel oil and 36 cargoes of high-octane naphtha with different qualities to formulate gasoline.

For this tender, the company is looking for at least one monthly cargo of diesel with maximum 50 parts per million sulfur. The first three cargoes should be delivered on June 3-18 at Esmeraldas, La Libertad or Punta Arenas ports.

Bidders must index prices to ultra low-sulfur diesel (ULSD) from the U.S. Gulf Coast and they will be received until May 19. (Reporting by Marianna Parraga)

(c) 2014 Thomson Reuters, All Rights Reserved

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