GROUP HISTORY

The group was born out of the long-term collaboration of a team of traders, operations and finance experts that have been supplying oil to the Pacific coast of the Americas for over a decade.

In our early days, we worked as a unit in a joint venture with a medium-sized oil trading company which concluded in December 2003. During this four year relationship, our team operated most of the diesel cargos that were imported into Chile, Peru, and Ecuador, as well as a large proportion of the gasoline exports.

Blue Oil was created in 2004, and has enjoyed an ongoing collaboration with Morgan Stanley Capital Group in supplying diesel arbitrage of cargos from the Far East to North, Central and South America.

The group began taking its first steps into domestic distribution after taking control of the Arcenillas Terminal on the Pacific coast of Guatemala in June 2005. Today, Blue Oil Guatemala is responsible for approximately 22% of the supply of the petrol stations’ market and 15% of the total oil market in the country.