Ecuador’s government issued a decree today that paves the way for transferring the operation of the former Opec country’s largest oil refinery to the private sector.
The 110,000 b/d Esmeraldas refinery, owned and operated by state-owned PetroEcuador, has been running sporadically for years, partly because of faulty maintenance.
Under decree 1094, President Lenin Moreno grants exceptional authorization for PetroEcuador to operate the refinery in conjunction with a private-sector partner.
To read the full article on Argus Media, click here.
In this article:
