HOUSTON: Uruguay’s state-run oil company ANCAP is offering to buy up to 1 million barrels of a medium or light crude for delivery June 13-17 at Jose Ignacio port, according to a tender seen by Reuters on Friday.
The crude must be 27-42 API degrees of density and contain up to 1.5 percent of sulphur.
Bids will be accepted through April 10, indexed to Brent crude front month prices, according to the tender’s terms
ANCAP last month bought crude and petroleum coke on the open market.
Source: Brecorder
