Petroecuador awarded the import of 2.7 million barrels of diesel to Trafigura

Ecuadornews:

Petroecuador awarded the company Trafigura the import 2’750,000 barrels + 4% of premium diesel, reported Monday May 13, 2019 the state oil company, through a statement. The proposals were received and evaluated on Thursday, May 9, 2019.

This import will supply the demand of the country approximately until September 2019. Thus, the offered volume of this derivative will arrive in 11 shipments of 250,000 barrels + 4% each; the first will arrive between May 27 and 29, 2019.

The winning company offered a Difference of + 4.98 USD / BL (plus four United States dollars with ninety-eight cents per barrel). Of the 41 companies invited to the international contest, five excuses and six valid offers were received from the companies: B.B. Energy (Asia) Pte. Ltd., Glencore Ltd., Gunvor S.A., PMI Trading Designated Activity Company (DAC), Trafigura Pte. Ltd. and Vitol Inc.

The bid opening commission for this tender was chaired by the manager of International Trade, representatives of the Commercial, Legal and Head of Prevention and Money Laundering areas of the Company. In addition, the representative of the Public Company Fleet Petrolera Ecuatoriana (Flopec) and the bidding companies. (I)

Source:  https://www.expreso.ec/economia/petroecuador-importacion-diesel-trafigura-AB2829064