Friday 18 June 2021

Valero to Supply Fuel to Costa Rica

Valero Energy Corp. has won a bid to supply fuel to Costa Rica’s state refinery, Reuters reports.

Valero will supply Recope  with 14.25 million barrels of ultra low sulfur diesel, jet fuel and motor gasoline. The order breaks down to 6.9 million barrels of ULSD; 6.05 million barrels of gasoline and 1.3 million barrels of jet fuel. Financial terms of the agreement were not released.

The tender, which was launched in September, will allow Recope to supply fuel to Costa Rica’s domestic markets while the refinery undergoes a long maintenance project. The fuel is to be delivered over a 12-month period starting in November.

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San Antonio-based Valero is the largest U.S. refiner of petroleum products.

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