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Foto: AP / Archivo
Ecuador has managed to place 3.96 million barrels of its crude oil on the international market after a spot or an immediate sale, the fourth of its kind that has been sold in the United States. he executed last year, informed the state
It is an intermediate volume of crude oil extracted from the Ecuadorian Amazon, of 24 degrees in the API density scale, the sale of which was attributed to the Swiss company Glencore, who submitted the best offer, informed the state In a statement
The operation was finalized after an international competition organized by Petroecuador, which defined Glencore as the winner for offering a price higher than $ 1.08 to the reference value that uses Texas's intermediate oil as a reference. (WTI), which is traded on the New York Stock Exchange
According to a spokesman for the company, the opening of bids was made yesterday, Thursday.
With this operation, Petroecuador "projects a total income of 279.3 million dollars for the benefit of the country," says the note of the Ecuadorian state oil company.
The volume of oil offered will leave the country in eleven shipments of 360,000 barrels each, which will be delivered between August and October 1965
Ecuador, the smallest partner of the Organization of Exporting Countries of Petroleum (OPEC) produces just over 500,000 barrels of crude oil per day whose sale is one of the major sources of state funding. EFE
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