Ecuador awards 20.2 million barrel oil supply contract to Shell unit

QUITO (Reuters) - Ecuador's state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023. Shell Western Supply and Trading beat out the other two bidders, Trafigura [TRAFGF.UL] and Mitsubishi , by offering to pay a premium of 71 cents per barrel above the reference price for West Texas Intermediate crude. Petroecuador expects the deal to bring in some $950 million. The..