Sinopec and Odebrecht Interested in Ecuador''s Pipeline Project

QUITO, Ecuador--Four companies, including Sinopec International Petroleum Service Ecuador S.A., the local unit of China state-owned Sinopec, and Brazil's Norberto Odebrecht, have submitted bids for a tender to build a 46,000 barrels per day multipurpose oil pipeline project in Ecuador, state-run company Petroecuador said.

Petroecuador said Consorcio International PPC and ICC Conkor also submitted offers.

The new Pascuales-Cuenca 210 kilometers pipeline will be located in the southern Ecuador. It will run from the port city of Guayaquil to Cuenca. It will supply diesel, gasoline and liquefied petroleum gas to six provinces in Ecuador.

Petroecuador will make the technical and economic evaluation of the proposal public at the end of August.

Petroecuador didn't provide details on the cost or construction timeline.

(wsj, edited by Topco)