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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Repsol Ypf, S.A. | NYSE:REP | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.46 | 0.00 | 01:00:00 |
QUITO, Ecuador--Spanish oil company Repsol SA (REP.MC) and Peru state-owned oil company Petroleos del Peru-Petroperu SA (PETROBC1.VL) on Monday won a tender to buy a total of 4.32 million barrels of Oriente crude oil, said Ecuador state-run company Petroleos del Ecuador, or Petroecuador.
In a statement late Tuesday, Petroecuador said Repsol will purchase a load of 2.16 million barrels of Oriente crude oil while Petroperu will buy six cargoes of 360,000 barrels each, also totaling 2.16 million barrels.
Repsol will pay a premium of $8.41 per barrel over the price of West Texas Intermediate oil while Petroperu will pay WTI plus $5.69 per barrel.
The liftings will be done between Feb. 23 and 27.
Currently, Ecuador produces about 504,000 barrels of crude oil per day.
Write to Mercedes Alvaro at mercedes.alvaro@dowjones.com.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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