Ecopetrol Tenders to Buy ULSD Cargos for May-June

Colombia's Ecopetrol launched a tender to buy three 280,000-290,000 barrel cargos of ultra low-sulfur diesel (ULSD) to be received from May 5 to June 2, according to an invitation seen by Reuters on Tuesday.
 

The state-run oil company has increased purchases of products since the 80,000 barrel per day (bpd) Cartagena refinery last month was almost completely halted to undergo a major expansion program that will last until the first half of 2015.
 

In March, Ecopetrol and its Cartagana refinery bought at least eight cargoes of ULSD, gasoline and diluent naphta.

The invitation details that the ULSD cargos, with maximum 30 parts per million sulfur, can be delivered at the Colombian port of Pozos Colorados, in the U.S. Gulf Coast or in the Caribbean.

The company will receive offers until April 16 and the must be indexed to ULSD prices from the U.S. Gulf Coast.

(Reporting by Marianna Parraga)