CORRECTED(OFFICIAL)-UPDATE 1-S.Korea's GS Caltex makes first Mexican crude purchase in 25 years

lunes 9 de marzo de 2015 03:44 GYT
 

(Corrects arrival month to March, not May)

* First Mexican crude purchase since 1990 -customs data

* GS Caltex looks to procure cheap crude as prices remain weak

* Similar purchases likely if cheap spot available -spokesman

By Meeyoung Cho

SEOUL, March 9 (Reuters) - South Korea's GS Caltex Corp has bought Mexican crude for the first time in 25 years, as the refiner takes advantage of low prices to make cheap spot purchases, a spokesman said on Monday.

The country's second-biggest refiner bought 1 million barrels of crude from Mexico's state-owned oil company Pemex, which arrived late on Sunday, he said.

The purchase was made to procure cheap crude on the spot market and further purchases were likely as long as cheap offers were available, said the spokesman at the joint venture between GS Holdings and Chevron Corp.

A fall in U.S. crude futures to the lowest in nearly a year against global benchmark Brent has opened a trading window for shipments of Latin American crude and U.S. condensate to Asia, traders said last month.   Continuación...