Pacific Rubiales tenders to sell Castilla crude cargo for May

HOUSTON, March 31 Mon Mar 31, 2014 10:44am EDT

Related Topics

HOUSTON, March 31 (Reuters) - A unit in Colombia of Toronto-listed oil firm Pacific Rubiales has tendered to sell a 1 million barrel cargo of heavy Castilla crude for delivery May 1-15 at Covenas port, according to an invitation seen by Reuters on Monday.

The company has been offering more than 5 million barrels of Colombian crudes on the open market each month, an increase since last year, when it bought Petrominerales, another Canadian firm working in the Andean country.

The tender says the company will receive offers until April 3 and they must be related to WTI or Brent front month prices. Sellers of this cargo will include any combination of Pacific's subsidaries: Meta Petroleum, C&C Energy Barbados, Petrominerales or Pacific Stratus Energy. (Reporting by Marianna Parraga; Editing by Terry Wade)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article