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Energy
PETROECUADOR
Marco Calpoviña
General Manager
Alpallana E8-86 and Av. 6 de Diciembre
Quito
Tel: +593 2 2563 060 / +593 2 2547233
rortega@eppetroecuador.ec
www.eppetroecuador.ec
Area of activity: Oil
Date of creation: 1989
Annual turnover: $8145 million USD
Petroecuador (Empresa Estatal Petróleos del Ec-
uador now called Empresa Pública Petroecuador)
[Petroleums of Ecuador State Enterprise] is the
national oil company of Ecuador. Founded on Sep-
tember 26th 1989, it is a state-owned enterprise.
It is the successor of CEPE (Corporación Estatal
Petrolera Ecuatoriana) which was formed in 1972.
In fact, they are the leading Ecuadorian company
in terms of sales with a turnover of USD$8.145,30
million in 2009.
The company is split into three divisions:
• Petroproducción for exploration and extraction
• Petroindustrial for refinery operations
• Petrocomercial for transportation and marketing of
refined products to the internal market in Ecuador.
Petroecuador is also in charge of managing the op-
eration of the Trans-Ecuadorian oil pipeline network,
(Sistema de Oleoducto Transecuatoriano or SOTE)
built in 1972 for Texaco-Gulf.
Alongside its subsidiaries, the Public Oil Company
of Ecuador EP PETROECUADOR develops and
manages the hydrocarbon sector through explora-
tion, exploitation, transportation, storage, process-
ing and marketing of hydrocarbons, both nationally
and internationally. They strive to preserve the envi-
ronment and contribute to rational and sustainable
utilization of natural resources in order to develop
comprehensive, sustainable and decentralized
activities subject to the principles and regulations
established by the Constitution of the Republic, the
Public Enterprise Law, the Hydrocarbons Law and
the Legal Framework of Ecuador that relates to their
specific activities.
Their vision is to ensure compliance with targets set
by national politics and to become internationally
recognized for its premium business efficiency in the
hydrocarbon management sector. On top of this,
they strive to do so with responsibility towards the
environment and with respect for their workforce of
professional, competent and committed employees.
Petroecuador owns three petroleum refineries in
Ecuador. Its capacity is expected to increase due to
the increasing demand in Ecuador and the U.S. (Ec-
uador is the second largest exporter of oil products
of South America to the U.S.).
Refineries in Ecuador:
• Esmeraldas Refinery (Petroecuador), 110,000 bpd
(start-up 1978)
• La Libertad Refinery (Petroecuador), 45,000 bbl/d
(7,200 m³/d)
• Shushufindi Refinery (Petroecuador), 20,000 bbl/d
(3,200 m³/d)
Repsol YPF.
Luís García
General Manager
Av. 12 de Octubre N24-593 and Francisco Salazar
Edif. Expoplaza 2000, 5th floor, Quito
Tel: +593 2 2 976 600
www.repsol.com
Area of activity: Oil
Date of creation: 1927
Employees: 37.000
Annual turnover: $5083 million USD
The Spanish-Argentinean oil company Repsol-YPF
has a significant presence in Ecuador with 55% of
Block 16. Moreover, the mining field operated by
Repsol is made up of: Block 16 Stockholding Con-
tract, the Bogi Capirón Unified Mining Agreement
and the Specific Services Contract for the Tivacuno
Area.
Block 16, located in the Orellana Province (Amazon
Region), along with the Tivacuno and Bogi Capirón
areas, are spread over 220,000 hectares, occupying
22% of the Waorani ethnic reserve and 12% of the
Yasuní National Park.
In 2010, a new kind of contract was signed with the
Ecuadorian Government. The new agreement is
until 2018 with a total investment worth USD173,5
million.
Apart from the Hydrocarbon exploration, develop-
ment and production activities, Repsol is a world
benchmark company in the downstream area with a
proven track record for value creation. It also pres-
ents LNG, or Liquefied Natural Gas, activity. More-
over, Repsol owns Duragas, the leading company in
LPG distribution in Ecuador. It operates nationwide
with a market share of 37.6%.
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