The state oil company Petroecuador announced this Friday that it suspended a contracting process to provide specific services aimed at the reactivation of oil extraction wells that have been closed in the country’s Amazon region.
The public company recalled that last year it had begun a contracting process for specific integrated services under private financing for the reactivation of closed wells and for the capture in them of gas associated with the extraction that can be industrialized.
Petroecuador indicated that, after an analysis of these processes, “substantial inconsistencies” have been detected, for which reason it has made the decision to “declare them void, in defense of institutional interests and for the benefit of the Ecuadorian state”.
The state company announced that it will reopen the bidding processes “in the shortest possible time, to attract new investments, in compliance with those established in current regulations and laws.”
Petroecuador’s announcement came at a time when the National Assembly (Parliament) is reviewing a case of alleged embezzlement or embezzlement, within the framework of a censorship impeachment trial against the country’s president, the conservative William Lassowhich involves the public shipping company Flopec and the private operator Amazon Tanquer, in a crude oil transportation contract.
Ecuador produces about 480,000 barrels per day of Petroleum70% of which are destined for export and the rest for domestic consumption.
The international sale of crude oil is one of the main sources of financing and foreign currency income for the Ecuadorian State.
Source: Gestion
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