the Comptroller’s Office reported this Wednesday, September 15, 2021 that one was confirmed solidarity gloss against the public company Petroecuador for USD 8.7 million, for non-collection of debt from the Petrolis company of Venezuela (PDVSA).
The surrogate comptroller, Carlos Riofrío, Signed the confirmatory resolution of the brilliance. The document notes that Petroecuador “It did not take action at the time and in a timely manner, which would allow legal alternatives to be analyzed with regard to the validity and discharge of the Exchange Agreement (crude oil – products) and its contracts,” so that it is not adopted measures for the recovery of the due values by the company Petroleum of Venezuela (PDVSA), per delay i penalties per quality.
the civil liability is derived from the report of audit (Dnai-AI-0433-2019) for the period from January 1, 2013 to December 31, 2018.
The special examination was carried out to determine the legality, veracity i ownership of activities carried out in execution of the crude exchange agreement – products, between PDVSA i Petroecuador.
The report of audit notes that on June 29, 2006 this was subscribed Agreed and, for instrumentation, were signed 5 contracts: 3 purchase sale for the export of crude oil, fuel oil and low octane naphtha and two for the import of derivatives.
For the application of the agreed, The parties created an “Exchange Committee”, composed of officials from both entities, which was responsible for analyzing aspects of volume, commercial, operative and market during the execution of the same.
Until 2013, Petroecuador delivered to PDVSA shipments of crude oil, fuel oil and low octane naphtha and in return received derivatives i products, conforms the need monthly of the Ecuadorian state-owned enterprise.
during the implementation of the contracts, On boarding PDVSA were presented delay (Events in which ships did not comply with the loading or unloading windows) i penalties of quality.
In addition, the report notes that Petroecuador did not handle 105 cases, so invoices remained pending collection and prescribed several agreements returns, Which eventually led to the lack of USD 8,763,493.16 recovery.
Although the Agreed and their contracts ceased to run in 2013, in December 2018 they were not closed and settled. Because the Exchange Agreement and his contracts were part of a Cooperation Agreement between the two countries, there were no guarantees for its execution, the statement said.