Petroecuador Agrees Additional Crude Sale to Marathon Petroleum

Source: 5/5/2022, Location: South America

Petroecuador will sell an additional 720,000 barrels of Oriente crude to Marathon Petroleum Supply LLC , under a larger contract awarded last month. The U.S. refiner won a tender for 7.92 million barrels of Oriente crude oil in April. It had offered a premium of 75 cents per barrel.

The delivery of the new crude supply will take place in two equal shipments in July, "under the same terms that were awarded a few days ago, through a medium-term tender, that is, a premium of 0.75 dollars per barrel", the company said.

The Andean nation is seeking to alleviate fiscal problems by revaluing some of its crude oil sales to refineries amid high international oil prices.

Petroecuador expects additional revenues for August of approximately $70.7 million with this additional sale, the statement added.

Australia >>  6/30/2022 -  Oil lifting commencing today with record revenues anticipated
Seismic and well testing operations delayed
Battmin drilling program t...

Brazil >>  6/17/2022 - Petrobras, regarding the news published in the media, clarifies that by request of the Chairman of the Board of Directors, its Board of Directors held...

Canada >>  6/16/2022 - PetroTal Corp. is pleased to announce the following sales related update.

720,000 barrels of oil under contract for export from Bayovar. Ap...

United States >>  6/15/2022 - ExxonMobil released the following statement in response to a letter from President Biden.

We have been in regular contact with the adminis...

Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.