Ecuador will not extend oil supply contract with Ancap

摘要

Santiago—Ecuador will not extend an oil supply contract signed in 2010 with Uruguay’s state-owned oil company Ancap, Ecuadorian President Rafael Correa said in a television broadcast on December 24. Correa said that the deal, which has been criticized by the opposition, had not met the government’s target of exchanging crude for refined products. Ecuador, via its stateowned oil company Petroecuador, sought to “deliver our oil for them to process and return derivatives, this was done with only two shipments,” Correa said. “This doesn’t imply any loss to the state.”