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PetroEcuador offers 2.8 mln bbl of Oriente crude for March

 


By Reuters

QUITO
Petroleumworld 02 27 2018

Petroecuador is offering 2.8 million barrels of Oriente crude for delivery in March, the Ecuadoran state-run oil company's head said on Monday.

Ecuador will deliver the crude in eight shipments of 360,000 barrels, Carlos Tejeda said as he announced Ecuador's second oil sale via tender so far this year.

Ecuador's government says it is using tenders to value its crude in the international oil market, which could affect the price of future sale contracts.

The 2.8 million barrels had been released from oil presale contracts, Tejeda told reporters.

 


Reporting by Alexandra Valencia; Editing by Alistair Bell from Reuters.

reuters.com
02 26 2018

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