2024-05-23 07:00:43
Minister Roberto Luque gave Petroecuador a interval of 90 days to replace the competition guidelines and launch a brand new tender.
It is likely one of the million-dollar public procurement processes that was pending within the Authorities of Guillermo Lasso, however the present administration of President Daniel Noboa has determined to not transfer ahead.
That is the tender to repower the Esmeraldas Refinery, which has been declared void. The Minister of Vitality, Roberto Luque, resolved on Could 15, 2024 to simply accept the suggestions of the Excessive Degree Technical Fee and declare void the competitors to modernize the biggest refining complicated in Ecuador, in keeping with paperwork accessed by Primicias.
The method was to be accomplished in 2023, however the Authorities of Guillermo Lasso determined to depart it within the arms of President Noboa, because of the early elections and alter of administration. Since then, the competition schedule had been altering.
Luque additionally instructed Petroecuador and the Vice Ministry of Hydrocarbons to evaluate and replace pre-contractual paperwork for the beginning of a brand new tender in 90 days. A consortium that features the Korean Hyundai was the one one to purchase the bidding guidelines to repower the Esmeraldas Refinery.
Along with Hyndai, the consortium is made up of Siglocorp, the American firms KBR, Ocala and Evensen Dodge; and the Danish firm Topsoe. As well as, intense conferences have been being held till 2023 so as to add the Italian-Argentine Techint Engineering to the challenge. Siglocorp had introduced on a number of events that the consortium was able to current the technical-economic provide, as soon as the Authorities decides.
The challenge
The consortium proposed investments of USD 2.3 billion for the refining complicated, owned by the state oil firm Petroecuador, to spice up manufacturing and scale back gas imports. The challenge included the modernization of Ecuador’s largest refining complicated and the development of a high-conversion practice to course of waste.
The refinery has a capability to course of 110,000 barrels of oil per day. However, of that load, the Esmeraldas Refinery produces 55,000 barrels of gas per day, reminiscent of gasoline, diesel and liquefied petroleum gasoline. The remaining 45% is waste, reminiscent of gas oil, which is a gas of decrease high quality and worth. With the repowering, the plan was to extend gas manufacturing by 50,000 barrels per day and to satisfy Euro V requirements. On this method, the extent of waste would drop to five%, in keeping with the challenge.
La tarifa
The consortium plans to speculate 100% of the sources wanted by the Esmeraldas Refinery, at its danger. The possession of the plant will stay within the arms of the State, it isn’t a privatization, the consortium and the Authorities of Ecuador have clarified. A key part inside the financial proposal was the charge that the consortium will cost for the investments. To barter the speed, the State will use worldwide requirements, the then Minister of Vitality, Fernando Santos, had commented in January 2023.
From importer to producer
Ecuador is an oil producer, however should import fuels to produce the interior market. The nation initiatives that it should import USD 7,347 million in fuels in 2023 to produce demand, in keeping with projections from the Ministry of Finance.
With the repowering of the refinery, the State sought to acquire internet financial savings of USD 600 million per 12 months, because of a lower in imports.
Supply: PRIMICIAS