• Will Petroecuador bid for Esmeraldas refinery?
  • QUITO, June 9 (Reuters) – Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas field and a contract to modernize the Esmeraldas refinery.
  • Why is Petroecuador launching a new refinery in Guayaquil Gulf?
  • It hopes the modernized refinery will produce higher quality fuel for domestic consumption, it said. Petroecuador is also hoping to find a partner to explore and develop the Amistad natural gas field, in the nation’s Guayaquil Gulf, which currently produces 24 million cubic feet per day (mmcfd).
  • Will Petroecuador build a high conversion unit?
  • Petroecuador is seeking a private company to build and begin operating a high conversion unit to process residue from the refinery, which has a capacity of 110,000 barrels per day, the company said in a statement. It hopes the modernized refinery will produce higher quality fuel for domestic consumption, it said.
  • Is Esmeraldas a state-run refinery?
  • A view shows the Ecuador’s state-run Esmeraldas refinery complex in Esmeraldas, Ecuador, August 15, 2017. REUTERS/Daniel Tapia Acquire Licensing Rights
  • How much does Esmeraldas refinery cost?
  • The investment required for the Esmeraldas refinery project has been estimated initially at some $2.7 billion, Cedeno added. Esmeraldas underwent a controversial renovation under the government of former President Rafael Correa at a cost of some $2.2 billion.
  • Will El Aromo be Ecuador’s first solar power plant?
  • Due to its scale and location El Aromo remains a bellwether project for Ecuador¡¯s solar future. While Solarpack already has 15 solar generation projects in Spain, Chile, Peru, and India, El Aromo will be the company¡¯s first power plant in Ecuador.