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REP Repsol Ypf, S.A.

33.46
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
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

Ecuador: Repsol, Petroperu Win Oil Tender

30/01/2013 1:22pm

Dow Jones News


Repsol Ypf (NYSE:REP)
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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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