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Quito –
The Minister of Energy, Non-renewable Natural Resources and Mines, Carlos Pérez García, announced that in two weeks there would be a new spot sale of crude oil in the country, the fourth in this government. This time, 3.96 million barrels will be offered in eleven shipments of 360,000.
But the minister said that he would be very attentive to the market response and that it will be an indicator to define a strategy around the sale and long-term sales
He explained that market conditions have changed at this time, as the price of crude oil has risen. He said that normally in periods of lower prices sales spot serve to revalue the price, but that in the rise will examine the behavior.
According to EP Petroecuador, the offers will be received on July 12th. To this end, 42 qualified firms were invited to submit their price proposals
. For the moment, Pérez is interested in crude oil, among which the Repsol company which plans to route Ecuadorian oil to its Peruvian refineries.
In this sense, Pérez also plans to discuss with the Petroperú authorities in recent days to reach cooperation agreements. Among them could be the development of unified fields between Petroperú and Petroamazonas EP
The minister also explained that with Peru there are projects with natural gas. So next week will have a meeting with Frontera Energy, who is in Talara, to see the possibility of Ecuador buying gas from this company.
However, this requires the construction of a pipeline of 30 kilometers In addition, he will seek to maintain with Cuenca businessmen about it, given that the country n & # 39; 39; is not able to cover all the gas demand in the country.
Petroecuador also commented that In addition to the volume to be attributed to spot the delivery of three shipments to the public company Petroperú SA should be considered, from August to October 2018, since EP Petroecuador signed a contract with this company for the delivery of crude oil from the East. (I)
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