Supplement to Official Gazette 445 of November 1, 2001
Presidential Decree No. 2024 rules the marketing activities of liquid fuels derived from hydrocarbons in Ecuador. These activities include the importation, exportation, storage, transportation, distribution and sale performed by local or foreign, natural or juridical persons on a national level.
Based on the requirements established in the Regulation, the Ministry of Energy and Mines approves, through a ministerial decree, applications to engage in marketing activities of hydrocarbon-derived liquid fuels. Applications must be filed with the Ministry of Energy and Mines along with the required documents in authenticated form.
Authorization will be given for the term stated in the application, without any exclusivity, and can be renewed upon an express request. The term of the authorization will be subject to the results of the monitoring the National Hydrocarbons Office conducts each year.
