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Modernization, expansion and operation of the Esmeraldas Refinery goes to international tender

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The Ministry of Energy and Mines and Petroecuador will launch the international public tender to select a company to execute the joint management project for the modernization, expansion and comprehensive operation of the Esmeraldas Refinery and implementation of the high conversion process, with full financing by the successful bidder.

The call will be made official this Monday, October 3, 2022, and is addressed to public or private, national or foreign companies.

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According to both entities, the objective of this contest is to generate savings for the Ecuadorian State, optimize the company’s assets and release resources that can be used in social issues, a priority for the Government of Guillermo Lasso.

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Through this technical delegation, the legal entity or consortium of legal entities that are selected will be in charge of the modernization, expansion and comprehensive operation of the Esmeraldas Refinery; and they must build, on their own account and risk, with their own resources, an additional high-conversion train to the current plant, to improve the quality and efficiency of fuels, which will ensure the country a continuous supply of hydrocarbon derivatives under international standards of operation, quality and strict environmental regulations.

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This process for the contest, motivated by the general manager of Petroecuador, Hugo Aguiar Lozano, and supported by the minister Xavier Vera Grunauer, is made possible based on Executive Decree 1094, issued on July 10, 2020, and in the Executive Decree 302, of December 27, 2021.

Administration of the Esmeraldas Refinery will pass into private hands, according to decree 1094

Additionally, on September 20, 2022, the minister issued Ministerial Agreement No. MEM-MEM-2022-0046-AM. This resolution creates a high-level technical commission, dependent on the Energy and Mines portfolio and the general manager of Petroecuador, which will be in charge of preparing the documents, instructions, requirements, administrative procedure to be applied for the selection and the recommendation for the award to the best proposal, declaration of desert or its cancellation, and in general all the necessary documents, safeguarding, at all times, the interests of the State.

The call for this international bidding process will be published this October 3 in the national press. The bases will be available for fifteen calendar days from the explanatory hearing, which will be held at the offices of the Ministry of Energy and Mines in Quito.

Before the acquisition of the bases, the interested parties must sign the confidentiality agreement with the Ministry and Petroecuador, which will protect all the information and that which is generated later. The state-owned oil company indicates that it will report all the progress of the international contest and stresses that this asset will always remain the property of the public company, in which the strategic partner will assume all of the financing. (YO)

Source: Eluniverso

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