HomeBlogNationalThe first export of crude Oriente of 1,080,000 barrels was carried out in a deep draft vessel, by Punta Gorda

The first export of crude Oriente of 1,080,000 barrels was carried out in a deep draft vessel, by Punta Gorda

  • June 29, 2021
  • Posted by: medium
  • Category: National
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The crude sold to Petrochina that offered a differential of - $ 2.49 per barrel, but a $ 2 prize.

EP Petroecuador made today theexport of the first shipment of 1′080,000 barrels of crude east by the OCP terminal,through the interconnection of the Balao-Punta Gorda maritime terminals.

THE INTERNATIONAL SALE CONTESTspot,That the state oil company carried out on June 3, had as a winner the company Petrochina International with a differential of $ -2.49 and a $ +2.00 award.

The Minister of Non -Renewable Energy and Resources, Juan Carlos Bermeo Calderón, reported that the delivery of this crude oil volume was carried out through theHIGH CALADO BUQUE V.L.C.C. (Very Large Crude Carrier), that for the first time entered the country, an action that was possible thanks to the operation contract signed between EP Petroecuador and OCP Ecuador S. A., which for the use of this interconnection has as a rate of zero dollars.

Prendho, from the Private Technical University of Loja (UTPL), registers 127 incubated enterprises. Courtesy UTPL.The use of this export alternative opensNew opportunities in the international marketFor Ecuadorian crude (especially in Asia), in addition to maximizing income in oil marketing and giving an alternative to buyers so that they can load ships of greater capacity, reducing their logistics costs ”, he said.

For his part, the general manager (s) of EP Petroecuador, Pablo Luna, indicated that this transaction will generate the countryincome of approximately $ 141′000,000 and an additional $ 2′160,000for export through the OCP terminal.

Meanwhile, OCP Ecuador Business Manager Guillermo Freire said the interconnection of terminalswill increase the load capacity of 700,000 to 2′000,000 barrels. According to the figures on the exports that are carried out through the OCP, the company said that from 2019 to 2020, the raw Napo exits increased to China, Chile and Panama by 3.52 %, 1.21 %and 9.66 %, respectively; And, today with the export of crude east, the participation of these markets could be expanded and improve the price of their marketing as there are more bidders for this.

The interconnection allows EP Petroecuador to use the OCP maritime terminal for receiving, storage and export of east of quality greater than 23 ° API.

This event was attended by the Vice Minister of Hydrocarbons, Carlos Suárez; the general manager of EP Petroecuador, Pablo Luna; OCP Ecuador Business Manager, Guillermo Freire; the general manager of theEcuadorian Petroleum Flot Public Company (EP Flopec), Pilar Ferri Moncayo, among other authorities, as well as representatives of national and local media. On this occasion the participants moved for two hours until Altamar to see the freight load operations on the ship.

Additionally, the use ofLarger capacity ships (TPM tons of dead weight)It makes Ecuador more competitive and attractive towards the international market, with the diversification of clients and farther destinations, where refinement systems require this natural resource with the quality of Ecuador.