PRESS RELEASE

Petroecuador awards import of High Octane Naphtha

By
Monday, November 5, 2018

The Petroecuador Public Company awarded the company Trafigura PTE. LTD., The import of 3'120,000 barrels of High Octane Naphtha Ron 93. The proposals were received and evaluated on Monday, October 29, 2018.

The winning company offered a differential of +9.39 USD / BL (plus nine United States dollars with thirty-nine cents per barrel).

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Of the 38 companies invited to the international competition, 7 excuses and 11 offers were received from the companies: Arkham SA; Castleton Commodities Merchant Trading LP, Glencore LTD, Gunvor SA, Lukoil Panamericas, LLC., Trafigura PTE. LTD and Vitol INC.

The volume offered of 3'120,000 barrels of Naphtha of Alto Octano Ron 93 will arrive in the country in twelve shipments of 260,000 barrels +/- 2% each, the first will arrive in two windows, between November 23 and 25 and the 27 and on November 29, 2018.

For the opening of offers attended authorities of the International Trade Management, and the Petroecuador EP Petroecuador Asset Laundering Control Headquarters. Also representatives of the Public Company Fleet Petrolera Ecuatoriana (FLOPEC EP), of the bidding companies and the media.

It should be noted that the High Octane Ron 93 Naphtha is used for the mixture in the production of Extra gasoline, so with this import, EP Petroecuador guarantees the supply of this derivative until approximately April 2019.

The marker used to import this gasoline is UNLEADED 87 US GULF COAST.

This Petroecuador press release was published using an automatic translation system.