• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
All Galapagos adults will be vaccinated until the end of May
Civic Front for the Injured by the Comptroller’s Office asks the Prosecutor’s Office to link the deputy comptroller Valentina Zárate and other officials to the Las Torres case
Lasso and Duque agree to accelerate Ecuador’s entry into the Pacific Alliance
Guillermo Lasso’s Tax Reform Draft Generates Support, But Also Questions
CNE began in Guayas the delivery of credentials to elected assembly members on February 7, 2021
President Moreno meets privately with Guillermo Lasso for the transition
Guillermo Lasso prepares a dozen reforms; one of the first to be sent will be a tax reform
50-year-old man, mining worker, is the case zero of the Brazilian variant of coronavirus in Ecuador
Police capture the State Comptroller General, Pablo Celi, for alleged organized crime
Jaime Durán Barba, the ‘electoral guru’ who was key in Guillermo Lasso’s victory

$ 22 billion is the cost of presold crude

Posted On 25 Oct 2017

Ecuadornews:

 

It is extremely high value. Ecuador still has to deliver some 500 million barrels of oil for eight presale contracts with companies from China and Thailand.

That amount, at the present, represents about $ 22,000 million, considering that each barrel stands at $ 44. Manager of International Trade of Petroecuador Mauricio Cisneros assures it.

For this reason, Petroecuador seeks to renegotiate the contracts to “release” the compromised oil and sell it at better prices in the market.

The anticipated sales of oil are operations that the Ecuadorian State subscribed in the previous Government with banks and oil companies from abroad. (I)

 

 

Source: http://www.expreso.ec/economia/economia-petroleo-petroecuador-deuda-contratos-NM1790719

About the Author
  • google-share
Previous Story

Ban on leaving the country for the director of Ecuador en Vivo

Next Story

Grape and avocado farmers of Santa Elena exposed their needs to minister of Foreign Trade

SEARCH

LATEST NEWS

All Galapagos adults will be vaccinated until the end of May

Posted On 20 Apr 2021

Civic Front for the Injured by the Comptroller's Office asks the Prosecutor's Office to link the deputy comptroller Valentina Zárate and other officials to the Las Torres case

Posted On 20 Apr 2021

Lasso and Duque agree to accelerate Ecuador's entry into the Pacific Alliance

Posted On 20 Apr 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net