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发布于:2020-5-18 21:47:16  访问:42 次 回复:0 篇
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Ecuador Mulls 2-year Oil Supply Deal With China
QUITO, July 20 - Ecuador is working out a two-year oil supply agreement with China for which the Andean country would certainly receive $1 billion as a development payment, Economic Plan Preacher Diego Borja told Reuters on Monday.
"( The $1 billion) is a down payment for oil sales. We`re mosting likely to consent to provide 96,000 barrels per day at the day`s rate for 24 months,"
Borja informed Reuters in a telephone interview.
Borja claimed that settlements with China are still on-going, and that the board of supervisors of state-run oil firm Petroecuador offered the federal government the permission to proceed with the talks on Monday.
According to the Chinese customs workplace, China imported 326,000 tonnes of petroleum from Ecuador in the first four months of 2009.
The-OPEC member nation created over 485,000 barrels of crude oil daily in May.
Borja also claimed that Ecuador is negotiating a $1 billion finance with China, however decreased to provide information.
Chile`s state-run power company ENAP said last week that it had actually authorized a bargain through which Petroecuador will supply the South American country with 10 million barrels of petroleum each year.
The bargains might aid the Ecuadorean federal government to inject liquidity into the economic climate, after export earnings fell sharply in the very first half of the year due to reduced oil prices.
The country requires different financing after defaulting on several of its sovereign bonds in 2014, a relocation that reduced the nation off from the global funding markets.
China has sought to secure oil supplies from South America in current months.
Previously this year, the China Advancement Bank [CHDB.UL] signed a bargain to prolong a $10 billion credit line to Brazilian state-owned oil business Petrobras (PETR4.SA) (PBR.N) for future supplies.
In February China consented to offer $4 billion in funding to Venezuelan state oil oilfield chemical company for sale PDVSA, which has actually increased deliveries to China to lower Venezuela`s traditional reliance on UNITED STATE power markets.
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