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Ecuador buys 2.75 mil barrels diesel from Trafigura: sources
By Renzo Pipoli
PLATTS
HOUSTON
Petroleumworld.com 04 14 06
Trader Trafigura will sell Ecuador 2.75 million barrels of diesel under
the terms of a tender awarded late Wednesday, market sources said Thursday.Trafigura will sell the 0.7% sulfur diesel, delivered to Esmeraldas or
Libertad, at $4/barrel more than Platts US Gulf Coast assessments, sources
said.Up to three cargoes are expected to be delivered each month from late
April to August, each consisting of 200,000-220,000 barrels, sources said.Projector, which has been Ecuador's main supplier in the past two years,
had also bid for the tender but it offered a higher price than Trafigura,
sources said.In January Projector won a similar tender to supply Ecuador with diesel
for the first months of 2006 by offering to sell at US Gulf Coast assessments
plus $4.88/barrel.One source said Ecuador was not likely to seek more cargoes of 0.04%
sulfur diesel in the market. Ecuador, which bought a 200,000-barrel cargo of
the low sulfur diesel last week, expects a desulfurization unit at the
Esmeraldas refinery that was shut down in February to be back up within 15
days, the source said.The tender was awarded as a shipping backlog in the Panama Canal
threatens to slow down shipments of products from the US Gulf Coast to South
America's west coast, a source said. In addition to Ecuador, Peru and Chile
have also sought diesel in the market in recent days.--Renzo Pipoli, renzo_pipoli@platts.com
For more information, take a trial to Platts Oilgram News at
http://oilgramnews.platts.com.
PLATTS 04 13 06Copyright ©2006 Platts. All Rights Reserved.
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