QUITO, Ecuador -- Petroecuador plans to double output at its Amazonas refinery, aiming to supply the market in the Amazon region, the director of the state-owned company, Marco Calvopina, said, according to a report in newspaper Hoy.
He said that the aim is to increase capacity at the refinery to 40,000 bpd, upfrom the current 20,000 bpd.
Imports of refined petroleum products cost Ecuador an estimated $4.0 billion per year.
The government plans to reduce the amount of imported petroleum products, replacing them with domestically produced products.
Dow Jones Newswires