Friday 18 January, 2019

Petrotrin reports smooth transition process

State-owned oil company Petrotrin has reported a seamless transition from refining crude to importing refined fuel and exporting crude oil, as the company continues its transition process, winding down its refinery operations.

Petrotrin said motorists were able to continue about their business last week unaffected by this transition.

Petrotrin received its first shipment of refined fuel last Saturday; one of 16 cargoes that will be delivered during the next four months under an agreement with BP’s Latin America Integrated Sales and Trading group.

On Tuesday, the Company loaded approximately 500,000 barrels of Molo (medium octane low octane) crude oil onto the tanker Hellspoint Progress, its first shipment of oil for export.

The crude was purchased by Trafigura Oil Traders Limited. 

 

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