Ecuador inks 4 export deals for 8.64 MMbbls of Oriente oil with Shell, Petrochina and Trafigura

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.May.2025, Words: 210) — EP Petroecuador awarded 4 international tenders for the export of 8.64 million barrels (MMbbls) of Oriente crude oil. 

The contracts were awarded to Shell Western Supply and Trading Limited (-$3.93/bbl), Petrochina International Co. Ltd (-$4.51/bbl and -$4.04/bbl), and Trafigura Pte Ltd (-$3.78/bbl), which offered the best differentials.