Ecopetrol Seeks 3 Gasoline Cargoes for May
Colombia's state-run oil company Ecopetrol has launched an offer to buy three 195,000-200,000 barrel cargoes of gasoline RON 92 for delivery May 2-21 at Pozos Colorados terminal, according to a tender seen by Reuters on Thursday. Bids will be accepted through April 5, indexed to unleaded 87 gasoline prices at the U.S. Gulf Coast Ecopetrol's Cartagena refinery earlier this week offered to sell a virgin naphtha cargo for April delivery at Mamonal port Reporting by Marianna Parraga
W. Africa Crude-Trading Slows
Nigeria's November loading programme was on track to show a decline from the annual high hit in October, but trading was limited as the market processed the new offers. Few trades surfaced as the market picked through Angola's November offerings, which emerged last week. Tenders from Indian refiners were also expected to keep a lid on spot trading as players waited for the outcome before making other deals. Despite this, October sales have fared better than expected, with the bulk of Nigeria's oil finding a home in the West, either Europe or the Americas.
Ecopetrol Cartagena Oil Refinery to Restart by March
Colombian state-run oil producer Ecopetrol will fully restart its Cartagena refinery by March, Chief Executive Officer Juan Carlos Echeverry said on Thursday. The action will make Colombia self-sufficient in refined oil products it has had to import in increasing quantities during the facility's refurbishment, which will more than double its capacity to 165,000 barrels per day. "We expect that by March at the latest the refinery will be working one hundred percent" and starting to come on line in the third quarter, Echeverry said of Colombia's second biggest refinery during a conference call.
Colombia's Ecopetrol Sees Recovery in 2015
Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded by rebel attacks on infrastructure and exploration failures. Ecopetrol chief financial officer Magda Manosalva told a conference in London that while the primary focus would remain on Colombia, the company also planned to bid for fields in Mexico, which is opening up its energy sector. "We see the internationalization as a chance to diversify," Manosalva said, adding that the firm would focus on available onshore fields.
Ecopetrol Sees Recovery in 2015 Oil Output
Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded by rebel attacks on infrastructure and exploration failures. Ecopetrol chief financial officer Magda Manosalva told a conference in London that while the primary focus would remain on Colombia, the company also planned to bid for fields in Mexico, which is opening up its energy sector. "We see the internationalization as a chance to diversify," Manosalva said, adding that the firm would focus on available onshore fields.
Ecopetrol Seeks to Buy Gasoline Cargo
Colombia's state-run oil company Ecopetrol and its Cartagena refinery have launched a tender to buy a 290,000 to 300,000 barrel cargo of gasoline RON 92 for delivery at Mamonal port on September 24 to 26, according to a document seen by Reuters on Monday. Ecopetrol previously purchased a cargo of gasoline earlier this month and it also offered to buy up to 28 cargoes of ultra low-sulfur diesel (ULSD) for delivery from September to March. For this latest tender, the company will receive bids until August 27 and they must refer to unleaded gasoline 87 prices from the U.S. Gulf Coast.
European Refiners Eye Margin Boost from Overseas Rivals
European refiners are to shut 7 percent of their capacity for autumn maintenance, potentially easing a profit-sapping supply glut, but will set their sights on overseas competitors' downtime for a bigger respite from weakened margins. Until recently, refiners' profit margins had climbed as big chunks of production closed for maintenance. But in the past 18 months, reduced gasoline exports and a flood of diesel from the United States, Asia and Russia have hammered margins even during overhauls, pushing many plants into the red and accelerating a painful restructuring of the sector.
Ecopetrol Seeks Diluent Naphtha Cargo for July
Colombia's state-run Ecopetrol has launched a tender to buy a 170,000-180,000 barrel cargo of diluent naphtha to be received on July 10-18 at the U.S. Gulf Coast, the Caribbean or Barranquilla port, according to a document seen by Reuters on Monday. The oil company this month bought several cargoes of gasoline, ultra low-sulfur diesel (ULSD) and jet fuel while its 80,000 barrel per day (bpd) Cartagena refinery undergoes a big expansion project to double its crude distillation capacity.
Ecopetrol Tenders for July Gasoline Deliveries
Colombia's state-run Ecopetrol has launched a tender to buy a 290,000-300,000 barrel cargo of gasoline RON 92 for delivery at Mamonal port on July 1-3, according to an invitation seen by Reuters on Thursday. The Andean country has increased imports of fuels in recent months after the 80,000 barrel per day (bpd) Cartagena refinery in March started a major expansion program that will last until the second quarter of 2015. The cargo should contain maximum 280 parts per million sulfur and bidders must index prices to unleaded gasoline 87 from the U.S. Gulf Coast.
Ecopetrol Seeks Gasoline Cargo for June
Colombia's state-run company Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 for delivery in June, according to an invitation seen by Reuters on Tuesday. The oil firm bought several cargoes of gasoline, diluent naphtha and ultra low-sulfur diesel (ULSD) on the open market in May, while its 80,000 barrel per day (bpd) Cartagena refinery is ongoing a major expansion that started in March. This cargo must be delivered on June 16-18 at the U.S. Gulf Coast or any port in the Caribbean, and it can also be unloaded on June 24-26 at Pozos Colorados, Colombia.
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.
Ecopetrol Tenders for Gasoline Cargo
Colombia's state-run Ecopetrol launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 for May delivery, according to a document seen by Reuters on Thursday. The oil company in April bought three ultra low-sulfur diesel (ULSD) cargoes that it will receive from May to June while its 80,000 barrel per day (bpd) Cartagena refinery undergoes a major expansion program to double its capacity. The gasoline cargo can be delivered at the U.S. Gulf Coast or the Caribbean on May 13-15, but the supplier can also opt to unload at Pozos Colorados port in Colombia on May 19-21.
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.
Ecopetrol to Buy ULSD, Gasoline and Diluent Naphtha
Reuters - Colombia's Ecopetrol launched several tenders to buy finished fuels and feedstock on the open market, according to documents seen by Reuters on Wednesday. The 80,000 barrel per day (bpd) Cartagena refinery, operated by Ecopetrol to convert Colombian crudes into fuels to be exported, will shut down several operational units this year to start a $6 billion expansion project that will double its crude distillation capacity, the government has said without providing details of the work plan.
