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Ecuador still wants the oil refining swap deal with Venezuela
Ecuador's Energy Minister Ivan RodriguezPetroleumworld
CARACAS
Petroleumworld.com 06 27 06
Ecuador's Energy Minister Ivan Rodriguez said in a television interview
Monday, they are ready to sign the refining deal proposed by Venezuelan President Hugo Chavez in May, despite the delay and changes that postponed the agreement last week."We hope that everything will be resolved by Tuesday or Wednesday,"Rodriguez said
Venezuelan delegates are expected to arrive in Quito this week to finalize
details of swap, Rodriguez said.Rodriguez said that Ecuador and Venezuela have delayed signing the agreement due to Venezuela changing the original offer of up to 75,000 b/d of Ecuador's 19-API Napo crude for 45,000 b/d of refined products with Venezuela.
Venezuela's oil company PDVSA is now proposing several alternatives to Ecuador' oil company which Petroecuador continues to analyze.
Due to the signing delay, Petroecuador has called for spot sale offers due
Thursday on five shipments of 400,000 barrels each of Napo crude during July.
"This auction is just in case we do not complete the deal with Venezuela," Rodriguez
said.The head of Petroecuador Fernando Gonzalez, resigned last week due to lack of support from the government top officials on the deal with venezuela, according to sources. The official reason for Gonzalez leaving the ministry is that he resigned for personal reasons.
Petroleumworld 26 06 06
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