Ecuador received USD 1,563 million in income from exports of Oriente and Napo crude oil, in addition to Fuel Oil, in the first three months of 2023

This Petroecuador release was published using machine translation.

During the first quarter of 2023, EP Petroecuador exported through bidding processes in the international market, long-term contracts and current awards, a total of 25,325,214.89 barrels of oil and Fuel Oil No. 6, of which 13 '351,902.13 correspond to Oriente crude oil; 9,312,141.39 to Napo crude and 2,661,171.37 to Fuel Oil No. 6. With this export, the company generated economic income for the Ecuadorian State for USD 1,563,384,862.32.

In the case of the Spot market, the state oil company exported a volume of 10,275,723.53 barrels of Oriente, Napo and Fuel Oil No. 6 crudes, with an approximate income for the Ecuadorian State of USD 677,783,751.74.

It is important to reiterate that, among the actions carried out regarding the sale of hydrocarbons in the international market, the company, through the International Trade Management, managed approaches with qualified international companies, with the purpose of expanding the portfolio of customers and suppliers and encourage their participation in tenders.

Also, the state oil company continues to improve the processes for the sale of crude oil in the international market, framed in the principles of legality, fair treatment, equality, opportunity, competition, publicity and transparency that are incorporated into the terms and conditions of each of the contracts, always safeguarding the interests of the country.

EP Petroecuador will continue to develop transparent tenders in the international market for the export of hydrocarbons, adhering to the guidelines of the National Government and current laws.