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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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UPDATE 1-Ecuador awards 20.2 mln barrel oil supply contract to Shell unit

Fri, 06th Dec 2019 18:53

(Adds details, context)

QUITO, Dec 6 (Reuters) - Ecuador's state-run oil company
Petroecuador said on Friday it had awarded a unit of Royal Dutch
Shell a contract to lift some 20.2 million barrels of
Oriente-grade crude between 2020 and 2023.

Shell Western Supply and Trading beat out the other two
bidders, Trafigura and Mitsubishi, by
offering to pay a premium of 71 cents per barrel above the
reference price for West Texas Intermediate crude. [nL1N28D191

Petroecuador expects the deal to bring in some $950 million.
The Andean country produces some 545,000 barrels per day of
crude.
(Reporting by Alexandra Valencia
Writing by Luc Cohen)

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