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Petroecuador Request Trafigura Avoid Russian Diesel

OIL PRODUCTS

The Ecuador state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel amid concerns about sanctions in a statement on Sunday.

  • Trafigura was requested to avoid Russian supplies to comply with US and EU sanctions.
  • In June they agreed a contract for the delivery of 1.68m barrels of diesel in six shipments between July and September but didn’t impose any restrictions on the origin of the supply. Petroecuador said suppliers guarantee the delivered products may be freely bought and sold and have no links to “contraband, money laundering, let alone international sanctions”.
  • Ecuador depends on foreign diesel imports for motor fuel and electricity.

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