Venezuela's PDVSA tenders to sell ULSD, naphtha and natural gasoline
HOUSTON, March 18 (Reuters) - Venezuela's PDVSA is offering to sell one 240,000 barrel cargo of ultra low-sulfur diesel (ULSD) and one 250,000 barrel cargo combining light virgin naphtha and natural gasoline for delivery in March, according to a tender seen by Reuters on Tuesday.
State-run Petroleos de Venezuela (PDVSA) has increased sales of refined products in recent weeks while the domestic market demand decreases in the middle of political unrest and the substitution of liquid fuels for natural gas.
PDVSA detailed in the invitation that the ULSD, with maximum 10 parts per million sulfur, will be delivered on March 28-30.
The destination must be the U.S. Gulf Coast or East Coast, Florida, the Caribbean, Northwest Europe, West Africa or the Mediterranean. Prices should be indexed to ULSD from the U.S. Gulf Coast.
The second tender says PDVSA will deliver on March 25-28 a combined cargo of 160,000 barrels of natural gasoline going out from Jose terminal and 90,000 barrels of light virgin naphtha going out from Puerto la Cruz.
Prices for this tender must be indexed to natural gasoline from Mont Belvieu and the destination has to be the U.S. Gulf Coast or East Coast, the Caribbean, Canada or Europe.
Payment for both sales should be made in euros, eight days after delivery of bill of lading. PDVSA will receive bids for these tenders until March 18. (Reporting by Marianna Parraga; editing by Anna Driver)
© Thomson Reuters 2016 All rights reserved.