Trafigura was the only company that submitted an offer for a millionaire long-term fuel oil contract 6

A few minutes ago the opening of envelopes for the export of between 9.8 and 18 million barrels of fuel oil 6 was carried out.

Only one offer was presented during the opening of offers for long -term export between 9′880,000 and 18′050,000 barrels of Fuelooil No. 6. The offering company was trafigura, which with a guarantee of the International Bank for $ 7.1 million, and a prize of $ 0.41, would be the virtual winner of the contest.

The International Commerce Manager of Petroecuador, Pablo Noboa, reported that 36 companies had been invited, 12 presented their excuses. And only traffic light presented.

Noboa explained that this long -term contest seeks to maximize the results for the hydrocarbon company. He recalled that Fueloil comes from the residues of the refining plants. He also recalled that in Ecuador plants have a lower storage capacity than monthly production, so this type of sale also helps the operability of plants.

Another point that stood out is that it was sought to obtain an award from this contest. One of Petroecuador's techniques explained that the price will be set according to the scoreboard, the differential in force according to spot sales and an award.

The long -term sale of Fueloil 6 had several stumbling blocks this year and has had criticism from expert sectors. In the first instance, in April 2021, the tender for a volume of 13′338,000 barrels at 22′230,000 barrels of Fueloil 6. There were only three firm offers with prizes: Trafigure who offered a prize of $ 0.27 per barrel, Puma con $ 0.30 per barrel and unlimited Corp that offered the best proposal With $ 0.51 per barrel.

The criticism was thatThe fuel was being committed until 2023 a few days after the previous government of Lenín Moreno was completed.In addition, some experts said that the three companies were related to each other, so it was not a true tender. It was also commented that this type of sales of large volumes favor the greattraders(intermediaries) that have the economic muscle. This, because banks avoid financing companies that work in extraction in the Amazon.

Trafigura is an intermediary company that has been indicated for allegedly harming Ecuador by participating in long -term contractsWith Asian companies. Worldwide, these days has been immersed in corruption scandals related to Petrobras. In Mexico it was denounced by the Government for cases of smuggling.

In August of 2021, already in this government he invited the contest again, but he was even insubstanting to open the offers.

On this occasion only one offer was presented. This, despite the fact that Petroecuador has opened the fan for companies. Now the participantsThey can present the guarantee issued by a National Bank with the endorsement of a foreign bank with triple A rating or also present an insurance policy issued through a national insurer,that has the support of a reinsurers abroad. Petroecuador extended the list of386 to 750 banks internationally for the issuance of bank guarantees,entities that have the endorsement of the Central Bank of Ecuador.

Another change is that there may be an inclusionof anticipated payment as an option to submit credit lettersIn this way, the client will previously deposit the export value to EP Petroecuador. This measure is due to the difficulty in accessing credit letters in some international entities, after the restrictions for the commercialization of crude oil extracted from the Ecuadorian Amazon.

In the next few days, the official Petroecuador resolution on the awarding of the contract will be known.