PetroEcuador May Award ConocoPhillips Oil Bid, El Comercio Says

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.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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