EP Petroecuador awarded the importation of 1,180,000 barrels of Naphtha Ron 80

This Petroecuador release was published using machine translation.

The Public Company Petroecuador awarded the company BB Energy (Asia) PTE. LTD., The import of 1,180,000 barrels of Naphtha RON 80 , with a differential of USD +1.18 per barrel, since it presented the best offer and acceptance of the terms and conditions. This product is used as a mixture for the production of gasoline.

For this international competition, EP Petroecuador invited 44 companies qualified in the Suppliers Registry of the International Trade Management, of which six (6) offers were presented from the companies: Arkham SA, BB Energy (Asia) PTE. LTD., Lukoil Pan Americas LLC, Petróleos del Perú-Petroperú SA, Trafigura PTE. LTD. And Vitol INC.

The opening of bids was attended by authorities from the International Trade Management, Attorney General's Office and the Headquarters for the Prevention of Money Laundering of EP Petroecuador, representatives of the Public Company Flota Petrolera Ecuatoriana (EP FLOPEC), the Agency for the Regulation and Control of Energy from Non-Renewable Natural Resources and from the bidding companies that verified the transparency of the process and complied with strict sanitary protocols . Additionally, several bidding companies were able to witness the opening session remotely.

According to the terms and conditions of the contest, the volume offered will be imported in four (4) shipments of 295,000 +/- 2% each , which is estimated to be delivered until March 2021.

The first delivery of this tender will arrive in the country between December 3 and 5, 2020 .

The importation of Nafta RON 80 will be governed under the Market Marker Midpoint Platts Unleaded 87 Prompt Pipeline of the Gulf Coast of the United States.