A PTT logo is pictured at a PTT gas station in Bangkok, Thailand, January 5, 2016. REUTERS/Athit Perawongmetha
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QUITO, March 22 (Reuters) – Ecuador’s state-owned oil company Petroecuador hopes to reach an agreement with Thai counterpart PTT (PTT.BK) to extend the time frame for crude deliveries until the end of 2024 and would welcome talks with the United States to supply oil directly to the North American country, a company official told Reuters on Tuesday.
Petroecuador will hold meetings with PTT this coming Friday to discuss extending the time it has to deliver just over 41.3 million barrels of oil by one year until December 2024, Petroecuador’s international trade manager Pablo Noboa said during a virtual call.
“This will provide us with renewed room to make direct sales, above all to large refining plants,” Noboa said.
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