By MERCEDES ALVARO
QUITO, Ecuador -- Ecuador has awarded to Brazilian company
Norberto Odebrecht a contract to prepare the construction site for the Refineria
del Pacifico, a nearly $13 billion project run by state oil
companies of Venezuela and Ecuador.
Pedro Merizalde, manager of the Refineria del Pacifico project, told Dow Jones Newswires on
Thursday the work to prepare the area had a referential cost of
$315 million, but Odebrecht submitted an offer of $230
According to Mr. Merizalde, the contract could be signed
next month, when the company completes all necessary
The deadline for completing the work is 28 months from the
signing of the contract.
Merizalde said Ecuador received 14 bids, but only five met
Refineria del Pacifico, located in the coastal province of
Manabi, is scheduled to go on line in 2015 and to reach its
complete capacity of production of 300,000 bpd in 2016.
The administration of President Rafael Correa is still
seeking partners to raise financing for the project, which was announced in
Earlier this year, China National Petroleum Corp, or CNPC,
and the Industrial & Commercial Bank of China signed a
letter of intent that outlines China's interest in providing
financing for the project.
Recently, Ecuador's Minister Coordinator of Strategic
Sectors Jorge Glas said that talks with CNPC are advancing
well, but if there is no agreement then Ecuador will look for
Dow Jones Newswires