HOUSTON, May 21 (Reuters) - Repsol, BP andMitsubishi will buy a total of 21 cargoes of Oriente and Napocrudes from Petroecuador between June and August after winningtenders launched earlier this month, traders told Reuters.
Petroecuador sells most of its crudes to Petrochina, but italso occasionally tenders to sell crude on the open market.
This week the company also awarded to U.S. firm CitizensEnergy another tender to buy 18 cargoes of ultra low-sulfurdiesel (ULSD) to be received in Ecuador in the coming months.
Repsol agreed to pay $5.90 per barrel below the WTI pricefor five 360,000 barrel cargoes of medium Oriente crude and BPwill pay $4.04 per barrel under the WTI price for another parcelof five Oriente cargoes, the sources said.
The British company also won a third parcel of Oriente crudewith a bid of WTI minus $3.21 per barrel.
The first Oriente cargo will be picked up at Esmeraldasterminal on June 4-6, according to the tender's terms.
For the six 360,000 barrel cargoes of heavy Napo crudeoffered by Petroecuador, Mitsubishi won with an offer of $10.94per barrel below WTI price, the sources added. The first Napocargo must be delivered on June 10-12.
Oil and trading firms Unipec and Tesoro also bidded forthese tenders, launched on May 7.
Ecuadorian Napo and Oriente crudes are highly demanded byrefining companies and international trading firms because theyare good grades to mix with a growing offer of light crudes. (Reporting By Marianna Parraga)
BP (BP.)
