QUITO, April 21 (Reuters) - Ecuador will continue to auction crude seized from Perenco until the French oil company repays $350 million in late taxes, Oil Minister Derlis Palacios told Reuters on Tuesday.

Palacios said the government expects to receive around $40 million from the upcoming sale of Perenco's seized crude. (Reporting by Alonso Soto; editing by Marguerita Choy)