Ecuadorian Minister of Economic Policy Coordination Minister Diego Borja said to Dow Jones Newswires, Ecuador is working with PetroChina to negotiate, to negotiate one billion U.S. dollars in advance for the next two years to buy 96,000 barrels a day Oriente and Napo crude oil issues.
Borja said that as part of the negotiations, Ecuador will ask the Chinese for the final consumption of crude oil can not be sold to Peru or Chile, in order to avoid confusion in the market. But he added that Chinese companies could be resold to other regions. Ecuadorian President Rafael Correa last Saturday (July 11) released a week the media said that the Ecuador in the next few days will be one billion U.S. dollars to obtain credit. Borja said that Ecuador is in China is also on a 4-year one billion U.S. dollars of loan negotiations.
Jul. 18, 2009
