Peru's Primax joins Ecuador fuel, LPG market

Peruvian fuel and LPG retailer Primax has signed a deal with Ecuador's state-owned PetroEcuador to use the latter's import infrastructure, becoming the latest company to get behind the country's fuel market liberalisation. PetroEcuador recently signed similar deals with subsidiaries of Chile's Copec as well as local firms Corpetrol and WFSE. Primax will pay PetroEcuador a fee of 2.7¢/USG for use of its facilities. The Peruvian firm holds a 22pc share in Ecuador's retail fuel market, while PetroEcuador holds around 19pc.