Vitol buys export space at Colombia Santa Marta

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Tue, Jan 26, 2010
Coal Company News
Post by Mike Rodger, Coal Reporter

On Tuesday, it was reported that Vitol buys 4-yr export space at Carbosan port, Santa Marta.

The press release is quoted as saying:

Global energy trader Vitol has signed a four-year deal to take 1 million tonnes of export capacity at Colombia’s 3 million tonnes a year Carbonsan port in Santa Marta, sources familiar with the deal said on Monday. Vitol has been seeking coal mining and logistical assets in key exporting countries for the past several years. Colombia is the world’s fifth-largest coal exporter and ships around 61 million tonnes of thermal coal a year to Europe, the United States. and increasingly to Asia.

Click here to access the entire press release

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