(Energy Analytics Institute, Ian Silverman, 25.Jun.2013) – PetroEcuador holds open market committee meetings in Houston, Texas.
Highlights from the discussion follow:
Comments from PetroEcuador International Commerce Executive Nilsen Arias:
- “Oil’s contribution to the energy matrix was 85% in 2010, but will fall to 65-70% in 2013.”
- “Demand for gasoline, diesel and naphtha to exceed production.”
- Feb.2014 will mark the turnover of Las Esmeraldas refinery which will allow it to produce clean fuels.
- Ecuador does not have refining capacity to produce LPG, diesel, naphtha, which are imported.
- LPG imports used for domestic cooking in Ecuador.
- Cutterstock used for produce fuel oil in Ecuador.
- Ecuador imports high octane naphtha and ultra-low diesel.
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