EP Petroecuador and Terpel sign a contract for the Reception, Transportation, Storage and Dispatch service of petroleum products

This Petroecuador release was published using machine translation.

This November 26, EP Petroecuador and the company Terpel- Comercial Ecuador CIA. LTDA. They signed a contract for the reception, transportation, storage and dispatch service of petroleum products, for a period of 15 years. The event was attended by the Vice Minister of Hydrocarbons, María Cristina Cadena; the General Manager (S) of EP Petroecuador, Pablo Luna and Terpel's legal representative, Germán Ramírez.

The General Manager (S) of EP Petroecuador, Pablo Luna, reported that the signing of this contract with the private company will allow the optimization of existing resources through the use of the infrastructure of the state oil company, "this will benefit both parts and will generate income for the public company and the country. In this way, the objective of the National Government is fulfilled, in relation to what is established in Decree 1158 for the commercialization of fuels and the participation of the private sector, which will have an important role in the national economy ”, he explained.

For the execution of this contract, the oil docks of Esmeraldas, La Libertad and Tres Bocas may be used, in addition to the pipelines, and the storage systems of the terminals and refineries, all of these assets belonging to EP Petroecuador.

The collection of the fee for this service will be established by the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources. There is a differentiated rate for the use of each segment of the infrastructure, which allows EP Petroecuador to charge for the differentiated use, that is, there is the option of the single rate USD 0.027665 per gallon, which will be applicable as long as it is met. with the distribution of the product in all the terminals that were considered for setting the rate.

EP Petroecuador will guarantee that the quality of the hydrocarbon derivatives to be delivered at the dispatch points is within the technical specifications as stipulated in the NTE INEN standards.