Rare shipment of Argentina's medium sour Canadon crude oil discharges in Hawaii

Par Pacific Holdings

27/02/2024 21:57

HOUSTON, Feb 27 (Reuters) - A rare shipment of
Argentina's medium sour Canadon crude oil discharged in Hawaii
last week, ship tracking data showed.
    About 250,000 barrels of Canadon crude, which is rarely
offered for export, was loaded on the ship Captain Michael late
in December and headed to Par Pacific Holdings'  PARR.N 
refinery in Kapolei, Hawaii, tracking data on Kpler showed.
    The parcel was co-loaded with heavy sweet Argentinian crude
Escalante. Hawaii typically imports other Argentine crude oil
grades such as Escalante and Medanito. 
    It was the first cargo of Canadon to be exported in more
than three years, according to Kpler data and Argentina's energy
ministry, as the crude oil is mostly supplied to the domestic
market.
    "Canadon is an unusual grade to be exported ... but the
Kapolei refinery tends to pull in regular cargoes of Argentinian
crude such as Medanito and Escalante, and Canadon has been
co-loaded with Escalante given its availability," said Kpler
analyst Matt Smith. 

 (Reporting by Arathy Somasekhar in Houston and Eliana Raszewsk
in Buenos Aires; editing by Jonathan Oatis)
 ((arathy.s@thomsonreuters.com; +1 832 610 7346; Twitter:
@ArathySom;))