Ep Petroecuador and Primax Sa sign contract for Petroleum Logistics
Ecuador’s state oil company Petroecuador has signed a 15-year contract with fuel distributor Primax for the receipt, transport, storage and dispatch of petroleum products.
Petroecuador’s Esmeraldas, La Libertad and Tres Bocas oil docks will be used for the contract, along with associated terminals, pipelines and refineries. The contract forms part of the Ecuadorean government’s strategy, outline in Decree 95, to open up the Ecuadorean fuel market and allow the delivery of better-quality fuel. Fee collection will be carried out by Ecuador’s Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources, according to the general manager of Petroecuador, Pablo Luna.