As the Mossack Fonseca legal firm (MF) and Banvivienda asked justifications of the activities of the offshore company Eston Trading Limited, Jose San Martin Sanchez and Jaime Escobar Baquerizo delivered more information revealing the Ecuadorean crude negotiations from behind the scenes.
Thus, a contract signed in 2007 between Castor Petroleum Ltd. Geneva and Naparina Corp. S.A. appears in the Panama Papers, ie two years before the first oil presale to Petrochina International Co. Ltd.
The document was signed on March 1 2007 by Guillaume Le Ville, a representative of Castor Petroleum and Enrique Cadena, on behalf of Naparina.
According to the document, Castor hired Naparina as a consultant to buy lots of oil in the Petroecuador tenders. Interested parties delivered their offers at the offices of state company until the deadline, and shortly thereafter the Petroecuador committee awarded the lots.