Petroleum / Mining in Ecuador
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ECUADOR, 2011/01/21
For 2010 as a whole, we continue to assume an average price of OPEC basket of U.S. $ 83.00/bbl, 36.4% year on time(yoy). The risk is presently clearly on the downside, due to the slow evolution in June However, results for the year in additional than U.S. $ 80 is still a strong possibility and we see no need to revise our assumptions at this point. The 2010 U.S. WTI is presently at U.S. $ 87.63/bbl.
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ECUADOR, 2010/08/29
Civil and associated works for Ecuadorian national maritime hydrocarbons transporter Flopec's LPG maritime terminal and storage project in Monteverde, Santa Elena province, have been budgeted at US$95.5mn.
Flopec has issued a call for bids for the supply and construction of civil, electromechanical, automation and control, instrumentation and telecommunication works.
