• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Singue case, involving Jorge Glas, is reactivated from the previous investigation
Daniel Noboa is the first confirmed presidential candidate
The World Bank will provide USD 300 million to finance SMEs in Ecuador
Refugee children in Ecuador create comic about forced displacement
Countries to which Ecuadorians can travel without a visa
New air routes will arrive in Ecuador in June
Asian supermarkets participate in Macro Business Roundtable
Smithsonian Museum returns heritage assets to Ecuador
Buyers from 30 countries will be at the Macro Business Roundtable
National Court requests red notice from Interpol for María Duarte

Oil presale to PetroChina is part of the Panama Papers

Posted On 07 Jun 2016

 

PRETOCHINA-ECUADORTIMES

The first contract the advance sale of crude between Petroecuador and PetroChina International Co. Ltd. is part of the Mossack Fonseca files, whose filtration is included in the Panama Papers. PetroChina advanced $ 1,000 million to Ecuador in a two years term and at a 7.25% annual interest.

According to the General Comptroller´s report DA3-0015-2012, sent to Petroecuador in March 2013, in this contract, the state oil company stopped receiving at least $ 34.45 million, due to the formula applied to determine the barrel price.

The Panama Papers include a version of the contract 2009-433 of Petroecuador, undated but that includes the signatures of then-CEO Vice Admiral Luis Jaramillo, and the representative of the Asian firm Zhang Tao.

 

Source: http://www.eluniverso.com/noticias/2016/06/07/nota/5621922/venta-anticipada-petrochina-es-parte-papeles-panama

About the Author
  • google-share
Previous Story

Over suspicions, Panamanian Housing Bank closed the Eston Trading Ltd account

Next Story

Contract ensured Petrochina crude for 5 years, until 2016

SEARCH

LATEST NEWS

Singue case, involving Jorge Glas, is reactivated from the previous investigation

Posted On 02 Jun 2023

Daniel Noboa is the first confirmed presidential candidate

Posted On 02 Jun 2023

The World Bank will provide USD 300 million to finance SMEs in Ecuador

Posted On 02 Jun 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net