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Ecuadoreans received a commission for pre-sold crude to PetroChina
Posted On 06 Jun 2016
The files of the Panamanian firm Mossack Fonseca (MF) reveal that in the first oil presale made by the Petroecuador oil state company to PetroChina International Co. Ltd., in July 2009, private companies received commissions in a proportion of one dollar per barrel.
Ecuadorians Vidal Enrique Cadena Marin and Jaime Enrique _ Baquerizo Escobar are involved in the presale negotiation.
The relationship scheme is part of the so-called Panama Papers, which were leaked by the International Consortium of Investigative Journalists (ICIJ).
