(Energy Analytics Institute, 6.Dec.2020) — EP PetroEcuador will exclude Vitol Inc. from its list of suppliers due to the recent corruption case under investigation in the United States with respect to the bribes made to Ecuadorian officials.
As a result, Vitol will no longer be invited to participate in international bidding processes for the purchase and sale of hydrocarbons carried out by PetroEcuador, the Quito-based company announced 6 December 2020 in an official statement.
The last contract PetroEcuador had with Vitol carried out through a public bid process was on 7 April and for the export of 1,138,791.60 barrels of fuel oil #6 and ended in October 2020.
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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
