Petroecuador seeks to stock up on light crude

The representative of the public company Petroecuador, Carlos Pareja Yannuzzelli, is meeting today and tomorrow with companies interested in supplying light oil (28 degrees API and low sulfur content). The appointment is at the Westin Galleria in Houston, US. The call will be...

Ecuadorian light crude is traded in Houston

Today and tomorrow at the Westin Galleria in Houston, US, the manager of EP Petroecuador, Carlos Pareja Yannuzzelli, will meet with representatives of about thirty international companies and traders interested in selling light crude of 28 degrees API and low sulfur to Ecuador....

USD 12 million will be allocated in 2015 to increase the ethanol production

In 2015, the sugar factory San Carlos and SODERAL plan to start a strategic alliance for $ 12 million to increase their production capacity of anhydrous alcohol 2.8 times more than what is currently produced, which is 7.2 million liters. “Additional areas of cane sugar will...

Ecuadorian Crude oil, with highest punishment for the last 4 years

The price of the Ecuadorian crude oil has received high punishments in past July and August. That punishment or differential is a discount the local crude oil is suffering relative to the price of the West Texas Intermediate (WTI). Thus, according to figures from the BCE (Central...
Posted On 08 Oct 2014

Petroecuador confirms credit with Noble Americas Corp.

EP Petroecuador confirmed on Tuesday that on September 8 a credit from Noble Americas Corp. for $ 1,000 million was signed, the same that will be used to finance the Pascuales-Cuenca pipelines, the sustaining of refining plants and the rehabilitation of the Esmeraldas refinery....

Esmeraldas refinery is paralyzed for 40 days

The Esmeraldas refinery starts from today a total stoppage of its productive activities to continue the rehabilitation of the plant, which began in 2008. During these 40 days the maintenance of cooling water systems, changes in air lines and the renovation of the line of tea will...

Noble Group loaned $ 1 billion to Petroecuador, according to Bloomberg

The American unit of the Noble Group Americas loaned $ 1 billion on September to the state public oil company of Ecuador, Petroecuador, according to documents gathered in the U.S. by Bloomberg. This debt was transformed into notes (bonds or stocks) traded that Noble then sold to...

Esmeraldas refinery will be paralyzed since October

The Esmeraldas refinery will be paralyzed from October 1 to take on its stage of rehabilitation, which has been steadily decreasing its processing capacity. Since 2008 Petroecuador has worked to repower the plant by signing a contract with the SK Korea firm. The Refining Manager...