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Ecuador would have a trade agreement with China for $ 2,000 million
Posted On 09 Jul 2014
Ecuador would have agreed to a commercial transaction of $ 2,000 million with China, according to the specialized agency Bloomberg.
The agency notes that Ecuador revealed the agreement with China last month in a bid circular to bond investors and it served to place another $ 2,000 million in the international markets.
Bloomberg added that under the agreement made in May, Unipec Asia Co., known as Sinopec, prepaid the Ecuadorian oil for a not specified period.
The Ministry of Finance said that this is a commercial operation with EP Petroecuador, which is a multi-year plan 2014-2015 and that the resources will be traded during this period.