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Ecuador's Petroecuador awards 1.4 mln bbl crude export tender to Shell unit

Sat, 06th Mar 2021 18:30

QUITO, March 6 (Reuters) - Ecuador's state-owned oil company
Petroecuador said on Saturday that it had awarded a tender to
export some 1.44 million barrels of Oriente-grade crude to a
unit of Royal Dutch Shell PLC.

Shell Western Supply and Trading presented the best offer of
six companies that submitted bids, offering to pay a discount of
$1.39 to West Texas Intermediate crude prices.

Shell beat out offers by Norway's Equinor ASA,
China's Petrochina International Co Ltd, U.S. refiner Phillips
66, trading company Trafigura Pte Ltd and Unipec America
Inc, a unit of China's Sinopec, Petroecuador said.

Shell will export the oil through for shipments of around
360,000 barrels each during the month of March, Petroecuador
said.
(Reporting by Alexandra Valencia
Writing by Luc Cohen; editing by Diane Craft)

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