EP PetroEcuador to Import Premium Diesel from Trafigura

(Energy Analytics Institute, 7.Jul.2022) — EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022.

The transaction will be completed via eight shipments of 280,000 +/- 2% barrels set to reach Ecuador between July and September 2022, EP PetroEcuador revealed 7 July 2022 on its website. The first delivery window is between 3-5 August 2022.

Approximately 42 companies qualified for the public tender but only three presented offers: Trafigura Pte. Ltd. (winner), B.B. Energy (Asia) PTE. LTD. (+$6.59) and Tartan Oil LLC (+$6.78).

The fuel purchase will be governed by the Ultra Low Sulfur Diesel (ULSD) Midpoint-US Gulf Coast Prompt Pipeline Marker, the company said.

____________________

By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.