Oil   Refining  

PetroPeru initiates monthly spot crude sales

State-owned PetroPeru will start first-ever monthly spot crude sales early next year as its main refinery closes for a long-delayed expansion project.

The company said it will take initial orders for spot purchases starting tomorrow. In January it will begin making two monthly shipments of 300,000 bl of light crude, with a quality of 34.6°API and 0.08pc sulphur.

PetroPeru later plans to sell one shipment per month of up to 750,000 bl once a new subsea pipeline at its Talara refinery is completed at the end of first quarter 2020.

The 65,000 b/d Talara refinery on the northern coast will close for 14 months to complete the $5.4bn upgrade. The plant will reopen in 2021 with a processing capacity of 95,000 b/d and new equipment that will allow it to refine heavier crude. Spanish contractor Tecnicas Reunidas is leading the Talara project.

PetroPeru began closing its Lima-based 15,500 b/d Conchan refinery on 20 November for four weeks of scheduled maintenance as it prepares to receive additional shipments while Talara is off line. Conchan has storage capacity of 2.3mn bl. The small plant will reopen at the end of December.

Peru's average crude production from 26 blocks was 56,000 b/d in October, slightly higher than the same month last year.

Peru's other main refinery is 117,000 b/d La Pampilla, owned by Spain's Repsol.

By Lucien Chauvin

News No: 7553
Date: 2019/11/25 - 18:24
News Source: Argus Media

PetroPeru  refinery  Spanish  shipment 


Leave a Comment:


PBF takes wary approach to fuel rebound

Emerging US fuel demand will not quickly restore crude consumption, US independent refiner PBF Energy warned today.

Aluminium ingots inventories in Guangdong province in China to see decline in near term on brisk consumption

Aluminium ingots inventories in South China’s Guangdong province stood at 243,400 tonnes, as of April 30, down 191,400 tonnes or 44 per cent from a month earlier. Record-high shipments from warehouses and strong consumption amid low arrivals of stocks were the two primary reasons behind the dip in inventories.

Rusal’s Mykolaiv alumina refinery settles dispute with Ukrainian customs over bauxite supplies

Rusal’s Mykolaiv alumina refinery in Ukraine said on Tuesday, May 5, that it could settle the dispute with Ukrainian customs service regarding access to bauxite supplies and avoided temporary suspension of production.

Australian Bauxite observes Tasmanian job augmentation through a cement grade deal

Australian Bauxite Ltd. declared that its negotiations for its next cement grade shipment were well advanced, as a bauxite miner is working towards a Tasmanian job augmentation through a cement grade shipment deal.

Repsol running Peru refinery at 30pc capacity

Spain's Repsol is operating its 117,000 b/d La Pampilla refinery in Peru at one-third capacity in response to a collapse in fuel demand.

Restocking lifts Indian coking coal imports in 2019-20

Indian coking coal imports moving through 12 key state-controlled ports rose slightly from a year earlier during April 2019 to March 2020, as restocking initially accelerated but tapered off amid port closures as the Covid-19 outbreak worsened in India and lockdowns were imposed.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners