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🇪🇨 Ecuador /Economy & Trade

Ecuador Secures Over $313 Million from International Oil Exports

From El Comercio · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Ecuador has finalized international oil sales contracts worth over $313 million.
  • The sales involve 2.88 million barrels of Oriente and Napo crude oil for July and August 2026.
  • Petroecuador awarded contracts to Petrochina and Unipec America, using West Texas Intermediate as the pricing benchmark.

Ecuador's state oil company, EP Petroecuador, has secured over $313 million through two international crude oil sales agreements. The deals, finalized on June 19, 2026, cover shipments scheduled for July and August of the same year.

The transactions involve a total of 2,880,000 barrels, split equally between the country's Oriente and Napo crude grades. The international benchmark West Texas Intermediate (WTI) was used to determine the final sale prices.

Petroecuador invited over 35 qualified companies to participate in the bidding process, aiming for competitiveness and transparency. The contracts were awarded to Petrochina International CO. LTD. for 1,440,000 barrels of Oriente crude at a differential of -$2.80 per barrel, generating an estimated $162 million. Unipec America INC. secured 1,440,000 barrels of Napo crude at a differential of -$10.04 per barrel, bringing in an estimated $151 million.

DistantNews Editorial

Originally published by El Comercio in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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