HOUSTON, Aug 11 (Reuters) - A subsidiary of Russia’s oil company Lukoil won a tender on Monday to sell 2.64 million barrels of high-octane naphtha RON 93 to state-run Petrocuador with deliveries starting in September, traders told Reuters.
Previously this year, Lukoil was awarded with a tender launched on the open market to sell Petroecuador 20 similar cargoes of naphtha during 2014. A month earlier, the Russian company had won a tender organized by Venezuela’s PDVSA to buy 36 cargoes of MTBE, a component used to oxygenate gasoline.
Lukoil Pan Americas LLC, a subsidiary with offices in New York and Houston, won the high-octane naphtha tender with an offer of $5.86 per barrel over the price of unleaded gasoline 87 from the U.S. Gulf Coast. The first 240,000 barrel cargo must be unloaded on Sept. 1-3.
Trading and oil companies Arkham, Delaney Petroleum, Noble Americas, Phillips 66, Petrochina and Repsol also participated in the tender.
Singapore-listed firm Noble Group last week was awarded with a previous tender launched by Petroecuador to import five 240,000 barrel cargoes of naphtha RON 87 starting the last week of August. (Reporting by Marianna Parraga)