Petroecuador confirms credit with Noble Americas Corp.

EP Petroecuador confirmed on Tuesday that on September 8 a credit from Noble Americas Corp. for $ 1,000 million was signed, the same that will be used to finance the Pascuales-Cuenca pipelines, the sustaining of refining plants and the rehabilitation of the Esmeraldas refinery.

For five years, EP Petroecuador pledged to buy Noble between for the 30% and 50% of the demand for premium diesel and naphtha of 93 octanes, and between 45% and 55% of 87 octanes nafta. Noble will make ​​an extra discount.