Noble Group Limited has announced that one of its trading units has received a tender launched by Petroecuador, an oil company of Ecuador, to buy up to 3.12 million barrels of premium diesel. Noble Americas is a regular supplier to Ecuador, especially since in 2014 it signed a $1 billion loan-for-oil agreement with Petroecuador that allows it to be chosen as preferred provider when matching the best offer submitted by other firms. Noble won with an offer of $1.57 per barrel over the price of ultra-low sulfur diesel (ULSD) at the US Gulf Coast, the traders added. First delivery of 240,000 barrels of premium diesel with up to 50 parts per million of sulfur must be made on Jan.

20-22 at Esmeraldas, La Libertad, Punta Arenas or Boca del Rosario ports.