Ecuador launches tender for Esmeraldas refinery renovation
Published on: Monday 03 October 2022
Ecuador on Monday launched an international tender to find a new operator ready to invest in the modernizing and operating of Esmeraldas, the country's largest refinery, which will include a new high-conversion plant to improve fuel quality. Esmeraldas has a refining capacity of 110,000 barrels of oil per day (bpd) and is operated by the state-owned Petroecuador. Despite a controversial renovation worth around $2.2 billion during the administration of ex-President Rafael Correa, the refinery's operations have been paralyzed on several occasions due to technical failures.
News source: https://finance.yahoo.com/news/ecuador-launches-tender-esmeraldas-refinery-160525320.html
