Bloomberg News

PetroEcuador May Award ConocoPhillips Oil Bid, El Comercio Says

February 17, 2012

Feb. 17 (Bloomberg) -- PetroEcuador, a state-owned oil company, may award ConocoPhillips a public contract to buy 5.04 million barrels of the country’s Oriente crude, Quito-based newspaper El Comercio said, citing PetroEcuador officials it didn’t identify.

Vietnam Oil & Gas Group, known as PetroVietnam, and BP Plc, are the top contenders for a bid to buy an additional 2.52 million barrels of the crude, the newspaper said today, citing the officials.

A PetroEcuador press officer, who asked not to be identified because they aren’t authorized to speak publicly, couldn’t confirm the story and said the company will announce the winners today.

--Editors: Jessica Resnick-Ault, Dale Crofts

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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