Ecuador Open Market Meetings in Houston

Instant Max AI

(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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