Monday, November 30th 2009
“It has always been a mystery to most of us why Latin America has developed so differently from the United States and Canada. For a while it appeared that our southern neighbors were beginning to catch up to the notion of participatory government (plenty of elections) and the economies of some were really starting to look healthy.”
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Monday, November 30th 2009
“Ecuador, the smallest member of the Organization of Petroleum Exporting Countries, will increase crude output next year, ending three years of declines, President Rafael Correa said.”
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Monday, November 30th 2009
“Ecuador and China will form a joint venture to develop an oil bloc in the South American country that has proven reserves of 120 million barrels of crude, an Ecuadoran official said Wednesday.”
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Monday, November 30th 2009
“Ecuador’s President Rafael Correa has defended his populist credentials, saying he is a people’s president fighting against the status quo.”
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Monday, November 30th 2009
“A summit intended to help save the Amazon rainforest has ended in Brazil without forging a common agenda on deforestation.”
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Monday, November 30th 2009
“ElectroPeru’s General Manager, Raul Tengan, has confirmed that according to the terms of the agreement signed between Peru and Ecuador, Peru will export its excess energy until April 31st.”
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Monday, November 30th 2009
“Mongabay: A summit between South American leaders to devise a plan to save the Amazon, failed to come up with a “common stance” on deforestation, as five of the eight invited leaders failed to show up to the meeting, reports Al Jazeera.”
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Monday, November 30th 2009
“Sinopec International Petroleum, a subsidiary of China Petroleum & Chemical Corporation (Sinopec) (NYSE:SNP, 600028.SH, 0386.HK), intends to invest between $1 billion and $1.1 billion to set up a joint venture to explore an Ecuadorian oil field with state-owned Petroecuador, ce.cn reported November 26.”
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Monday, November 30th 2009
“Ecuador and China signed this week three cooperation agreements worth 442 million US dollars including a loan to buy four warplanes, announced the Ecuadorian government. The two countries are also planning joint operations in developing oil fields in the Amazon zone.”
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Monday, November 30th 2009
“Ecuador’s president, Rafael Correa, has urged the European Union not to recognise the elections Honduras is holding on Saturday.”
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Wednesday, November 25th 2009
“Ecuador and China signed three cooperation agreements on Tuesday worth 442 million US dollars and obtained credit to buy four warplanes, officials here said.”
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Wednesday, November 25th 2009
“China’s top political adviser Jia Qinglin met with Ecuadorian President Rafael Correa here on Tuesday, with both sides vowing to enhance bilateral cooperation.”
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Wednesday, November 25th 2009
“China’s top political advisor, Jia Qinglin, is in Ecuador, where he’s met President Rafael Correa, in the capital Quito.”
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Wednesday, November 25th 2009
“Ecuador is to receive $51.2 million in loans from China under bilateral economic accords signed here at a ceremony attended by Ecuadorian President Rafael Correa.”
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Wednesday, November 25th 2009
“When President Rafael Correa announced that Ecuador would default on its foreign debt last December, he didn’t say it was because the Latin American country was unable to pay.”
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Wednesday, November 25th 2009
“Aecon Group Inc (ARE.TO: 行情) has reached an agreement with the municipality of Quito over the collection of fees from a new airport it is building in Ecuador’s capital city, the Canadian construction company said on Tuesday.”
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Tuesday, November 24th 2009
“A press release from Ecuador’s government website discussed on Nov. 21 a reform for minimum wages for the Ecuadorian workforce. Businesses will be forced to distribute the profits among employees within the companies they work for.”
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Tuesday, November 24th 2009
“Since Ecuadorean President Rafael Correa signed a decree on 23 October allowing compulsory licences, the national intellectual property office has been working on a mechanism for issuing those licences, which should be studied case by case, according to the national decree.”
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Tuesday, November 24th 2009
“Facing a group of presidents loudly critical of Washington, the U.S. government’s Voice of America broadcast is expanding its audience in Venezuela, Bolivia, Ecuador and Nicaragua, VOA officials said.”
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Tuesday, November 24th 2009
“President Rafael Correa will meet Tuesday with China’s top political adviser, Jia Qinglin, Ecuador’s Foreign Ministry said Monday.”
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Tuesday, August 24th 2010
Reuters profiles the Chevron Ecuador case: A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried. Read More »Tuesday, August 24th 2010
Reuters also features additional details of the Chevron Ecuador lawsuit: U.S.-based Chevron Corp (CVX.N) faces a $27 billion environmental damages lawsuit in Ecuador, a case that has already dragged on for years and could last many more if it gets bogged down in appeals. Read More »Friday, August 13th 2010
A new article on the Chevron Ecuador lawsuit: The story of Chevron in Ecuador already bears a remarkable resemblance to that of Dole in Nicaragua. A U.S. company persuades a U.S. judge to toss out an alien tort claim on forum non conveniens grounds. U.S. plaintiffs lawyers then seek jackpot damages in a Latin American court (while being lionized in a controversial documentary). The corporation discredits the Latin American court by returning to the U.S. courts and alleging fraud. In Dole's case, a judge in California state court found that some of the plaintiffs lawyers had misled the court. In the Chevron case, it appeared that the actor most clearly discredited was the Ecuadorian judge caught on film discussing damages with an outside party. But last week, as the Litigation Daily previously reported, Chevron's lawyers at Gibson, Dunn & Crutcher filed a brief asserting that outtakes from the documentary Crude, turned over by the filmmaker in response to a Second Circuit discovery ruling, suggest that the plaintiffs lawyers themselves choreographed an "independent" expert's report recommending up to $27 billion in damages. Last year plaintiffs countered coverage of the judicial bias videotapes by attacking the motives and background of the American who secretly filmed the judge. Explaining the newly released footage will be more difficult. Based on what is known so far about the Crude outtakes, outrage seems appropriate. While the footage raises interesting questions of filmmaking ethics, what matters for the litigation is the apparent evidence of collusion between plaintiffs and court-appointed expert Richard Cabrera. Read More »
Wednesday, September 1st 2010
Discussion of the restrictions that Ecuador President Rafael Correa is placing on the media: Argentina, Bolivia, Ecuador, and Nicaragua have passed new media laws—all of them aimed at clipping the wings of privately owned news sources—and the call for “social control of media” is viral among lefty groups. (It was unanimously endorsed, for instance, by participants at an August confab in Argentina of regional leftist parties—which now govern 11 Latin American countries—called the São Paulo Forum.) “The threat to freedom is all around,” says Amaury de Souza, a Brazilian political scientist. “And it’s growing.” Read More »Wednesday, September 1st 2010
This article discusses Ecuador's oil exports and imports of refined crude: Ecuador is one of Latin America’s largest oil exporters, with net oil exports estimated at 305,000 barrels per day (bbl/d) in 2009. Read More »Wednesday, September 1st 2010
Ecuador signs second loan in two months with China: Ecuador and China signed on Tuesday a $1 billion loan deal as the Asian giant is pushing ahead with the policy of securing energy resources in Latin America and Africa. The fresh loan deal, which Ecuador's government signed in Beijing with the China Development Bank, comes just two months after Ecuador and the Export-Import Bank of China signed a $1.7 billion deal for financing a huge hydroelectric project in Ecuador. Read More »