Ecuador Awards Fuel Import Contract

Source: www.gulfoilandgas.com 9/28/2016, Location: South America

EP Petroecuador awarded Trafigura PTE. LTD. 3'600.000 importing barrels of diesel Premium, the awarded company introduced a differential of USD -0.34 per barrel. The proposals were received and evaluated on Tuesday 27 September, 2016.

Of the 32 companies invited for the competition, 13 offers were received and four excuses. The 13 companies that submitted bids were:

ARKHAM SA
BB ENERGY (ASIA) PTE. LTD.
CEPSA SAU TRADING
CITIZENS RESOURCES LLC.
Glencore LTD.
LUKOIL AMERICAS PAN
NOBLE AMERICAS CORP.
PETROCHINA INTERNATIONAL CO. LTD.
Phillips 66
PTT INTERNATIONAL TRADING PTE. LTD.
REPSOL SA TRADING
TRAFIGURA PTE. LTD.
VITOL INC.
According to the bidding rules, the offered volume of barrels of diesel Premium 3'600.000 visit the country in 15 cargoes of 240,000 barrels +/- 10% each. The first installment arrive in the country from 15 to 17 October 2016.

The Premium Diesel is a fuel used to supply the automotive sector.


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