Petroecuador and Ecuadorian company sign contract for oil derivatives – BNamericas English

Petroecuador Statement

This is a machine translation of the original press release issued in Spanish

On January 31, 2022, Empresa Pública Petroecuador and Abastecedora Ecuatoriana de Combustibles SA signed a contract for the service of reception, transportation, storage and dispatch of petroleum products in the infrastructure of EP Petroecuador, for a term of 15 years. . Abastecedora Ecuatoriana de Combustibles SA is a company that is made up of six trading companies: Petrolrios, Petróleos y Servicios, Masgas Ecuador, Petroworld SA, Clyan Services World SA, Energygas SA

This event was attended by the General Manager of EP Petroecuador, Ítalo Cedeño, and the General Manager of Abastecedora Ecuatoriana de Combustibles SA, Luis Oswaldo Gordillo, as well as authorities from the two companies.

The General Manager of EP Petroecuador, Ítalo Cedeño, stressed that the signing is with a 100% Ecuadorian company, and that it will benefit users, since it will generate greater competitiveness. “It is a healthy competition, that you can import the fuel that we Ecuadorians use; we will always try that the specifications are the international ones, ”he said.

For his part, the General Manager of Abastecedora Ecuatoriana de Combustibles SA, Luis Oswaldo Gordillo, thanked this opportunity and highlighted that “there are six companies that make up this new company, which represents 45% of the automotive segment nationwide. “We have come together to import good quality fuel and compete with transnational companies ,” he said.

For the execution of this contract, the oil docks of Esmeraldas, La Libertad and Tres Bocas may be used, in addition to the pipelines, terminals and refineries, all of these assets belonging to EP Petroecuador. It is important to emphasize that the signing of these contracts implies the service provided by the public company in use of the EP Petroecuador facilities, according to the company’s operational programming.

With this signature, six contracts of this type are added, since in 2021, the public oil company signed five contracts for the execution of this service with the companies: Corpetrolsa SA, Terpel- Comercial Ecuador CIA. LTDA, Servicios WFSE Ecuador CL, Primax SA and Duragas.

EP Petroecuador guarantees that the quality of the hydrocarbon derivatives to be delivered at the dispatch points is within the technical specifications required by the NTE INEN standard for each fuel; the private company may import the derivatives it wishes, provided that it complies with the aforementioned standard.