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Ecuador's state oil company Petroecuador has signed the contract for a multipurpose pipeline project in the south of the country to be carried out by Brazil's Construtora Norberto Odebrecht, according to a release by the state firm.
The 210km Pascuales-Cuenca pipeline is to run from port city Guayaquil to Cuenca, capital of Azuay province, and will eliminate the need for fuel to be trucked into the country's southern region.
The pipeline, which will have a six to 10-inch diameter depending on the stretch, will include pumping stations at Pascuales, El Chorrillo, La Troncal, La Delicia, Ducur and Charcay, and terminals at La Troncal and Cuenca.
Construtora Norberto Odebrecht submitted an offer of US$370mn for the 700-day contract, which was awarded by Petroecuador last month.
Works are expected to begin by the end of the year and finish by September 2015.