Argentina's YPF tenders to buy fuel oil cargo for power plants

viernes 11 de abril de 2014 12:57 GYT
 

HOUSTON, April 11 (Reuters) - State-run oil firm YPF launched a tender to buy one 50,000 metric ton cargo (some 375,000 barrels) of fuel oil to be delivered to Cammesa, Argentina's electricity market administration company, according to a document seen by Reuters on Friday.

Argentina imports a big portion of the liquid fuels it needs for the power industry. Venezuela's PDVSA is one of Argentina's main providers of fuels for the domestic power market, but its fuel exports have been affected in recent years by frequent refinery problems.

"YPF has been authorized and empowered by Cammesa to request, in Cammesa's exclusive name and behalf, quotations, proposals and offers, to negotiate terms and conditions of possible transactions," the invitation says.

"Agreements finally closed will be entered into and performed solely by Cammesa," it added.

The fuel oil cargo, with maximum 0.95 percent sulfur, should be delivered from May 26 to June 1 at Buenos Aires, Bahia Blanca or Campana ports in Argentina.

The company will receive bids until April 14 and they must be indexed to prices at the New York Harbor. (Reporting by Marianna Parraga)