PetroEcuador, a state-owned oil company, may award ConocoPhillips (COP) a public contract to buy 5.04 million barrels of the country’s Oriente crude, Quito-based newspaper El Comercio said, citing PetroEcuador officials it didn’t identify.
Vietnam Oil & Gas Group, known as PetroVietnam, and BP Plc (BP/), are the top contenders for a bid to buy an additional 2.52 million barrels of the crude, the newspaper said today, citing the officials.
A PetroEcuador press officer, who asked not to be identified because they aren’t authorized to speak publicly, couldn’t confirm the story and said the company will announce the winners today.
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