Bloomberg News

Petroecuador Awards Conocophillips Oriente Crude Contract

February 17, 2012

Feb. 17 (Bloomberg) -- PetroEcuador, a state-owned oil company, said it awarded ConocoPhillips a public contract to buy 5.04 million barrels of the country’s Oriente crude.

Vietnam Oil & Gas Group, known as PetroVietnam, also won a bid for a contract to buy 2.52 million barrels of the crude, the Quito-based company said today in an e-mailed statement.

To contact the reporter on this story: Nathan Gill in Quito at

To contact the editor responsible for this story: Dale Crofts at

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