Chile's Copec is taking center stage in Ecuador's newly opened fuel market, building on its existing retail presence in LPG and motor fuels. Duragas, the Ecuadorian subsidiary of Copec's LPG subsidiary Abastible, has signed a 15-year LPG supply and distribution contract with state-owned PetroEcuador. And Copec's regional fuels subsidiary Terpel is expected to sign a separate contract tomorrow with the Ecuadorean firm to import high-octane gasoline. Under the directly negotiated LPG deal, Duragas will import, blend, transport, store and deliver LPG to industrial consumers in Ecuador. The agreement allows the company ... (full story)