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LatinNews Daily - 14 October 2021

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In brief: Ecuador completes tenth spot sale of crude

* Ecuador’s state-owned oil company, Petroecuador, has announced the successful completion of two sales on the oil spot market, the tenth time it has resorted to spot sales this year, in which a total 2.52m barrels were awarded for export this month. US firm Glencore was awarded 1.08m barrels of Napo crude, while Shell Western Supply & Trading was awarded 1.44m barrels of Oriente crude. Pablo Luna, the acting general manager of Petroecuador, expects the combined sales to bring in US$123.3m for the Ecuadorean government.