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Colombia's Terpel inks US$150mn fuel supply deal
![Colombia's Terpel inks US$150mn fuel supply deal](https://cdnimg.bnamericas.com/CvALwRZwUjLmMmHQMjYBauHYDqFTexQObwKVuOcjEgoDDNWcmDnEaoIQMtgVWxdc.jpeg)
Colombian fuel retailer Terpel said Wednesday it signed a 617bn-peso (US$150mn) supply contract with Cenit, the midstream unit of state-run oil company Ecopetrol.
The contract will be valid for a year, starting in September, Terpel said in a filing with Colombia's securities regulator.
It added that fuel products would be transported by polyduct under the firm capacity modality.
Payment will be made via an existing credit facility, pending an internal analysis of the company's financial capacity, Terpel said.
Terpel has more than 2,000 service stations throughout Colombia and supplies around 42% of the domestic fuels market.
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News in: Oil & Gas (Colombia)
![El Niño, gas and Colombia's energy efficiency wild card](https://cdn-www.bnamericas.com/img/sectors/oilgas_1.jpg)
El Niño, gas and Colombia's energy efficiency wild card
Energy engineering professor Andrés Amell speaks to BNamericas about the key challenges facing Colombia's hydro-dependent electric power sector.
![Colombia 'to take action' as oil and gas reserves dip](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Colombia 'to take action' as oil and gas reserves dip
Energy minister Andrés Camacho insisted the government was taking steps to increase contingent resources and avert possible shortages in the medium...
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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