Operations
Petroecuador is engaged in the exploration, production, storage, refining of crude oil, and retailing petroleum products. It operates through subsidiaries, such as Petroproduccion (exploration and production), Petroindustrial (refining), and Petrocomercial (transportation and marketing of refined products). The company operates several oil fields, including Shushufindi, Sacha, Auca, Lago Agrio, and Libertador. It also operates the Trans-Ecuadorian oil pipeline network, Sistema de Oleoducto Transecuatoriano (SOTE), built in 1972 for Texaco-Gulf.[7] Ecuador is the sixth largest oil producer in the Latin American region.
Petroecuador owns three petroleum refineries in Ecuador:
The Sector organization in 2012 was organized into the National Oil Companies (NOC's), Petroecuador, Petroamazonas and the Operaciones Rio Napo (which is jointly owned between Ecuador and Venezuela).
The company's marketing network includes 148 Petrocomercial service stations.[8]
The largest production of oil in Ecuador is concentrated in the Northeastern part of the province. The Ishpingo-Tambococha-Tiputini (ITT) in the Yasuni National Park is said to hold 909 million barrels of oil reserves, yet controversial social relations causes protests and political conflicts. The indigenous social relations regarding the oil production of Ecuador are facing controversial issues. The indigenous communities have suffered various consequences for the growing energy sector in Ecuador as it seeks to expand. The state policies have caused domestic conflicts among local communities where the indigenous territories and practices are overlooked in expense to the state economic benefits. In 2003 and in 2010, the protests escalated due to political campaigns urging privatization (2003) and expansionist policies enabling foreign corporations access to the market (2010).
As of August 2016, the company owns and operates an Embraer ERJ 145LR aircraft, which was delivered directly from Embraer in October 2008.[9][10]
- Esmeraldas Refinery, 110000 oilbbl/d (began 1978)
- La Libertad Refinery, 45000 oilbbl/d
- Shushufindi Refinery, 20000 oilbbl/d
