Tuesday, January 12th 2010
“Ecuador’s foreign minister resigned Tuesday after President Rafael Correa criticized his handling of negotiations to prevent oil drilling in a pristine Amazon reserve.”
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Tuesday, January 12th 2010
“Ecuadorian Foreign Minister Fander Falconi resigned on Tuesday, reportedly over obstacles to a conservation plan.”
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Tuesday, January 12th 2010
“Many people think Jaime Nebot, the mayor of Guayaquil, is Ecuadorian president Rafael Correa’s main rival, according to a poll by Cedatos/Gallup. 27 per cent of respondents think Nebot is the leader of the opposition against Correa.”
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Saturday, January 9th 2010
“Ecuador’s state-owned energy company has called on the Natural Resources Ministry to cancel U.S.-based Energy Development Corporation’s gas exploration and production contract, saying the company has not complied with its annual investment plan.”
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Friday, January 8th 2010
“Ecuador’s state oil company Petroecuador boosted average production by 8.42 percent last year from a year earlier to 181,010 barrels per day, the company said on Friday.”
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Thursday, January 7th 2010
“At the meeting, Falconi voiced the firm determination of Ecuador’s President Rafael Correa and his government on bolstering and deepening all-out friendship relations with the Islamic Republic of Iran.”
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Thursday, January 7th 2010
“Ecuador’s 14 indigenous nationalities will be able to present proposals that will help them get low-frequency radio permits for at least one citizen-based, “community radio” station in each nation, El Telégrafo newspaper reports. Guidelines should be available in two weeks.”
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Thursday, January 7th 2010
“Ecuador extended by 30 days a state of emergency in the electricity sector, which began last November, the office of the presidency said Thursday.”
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Thursday, January 7th 2010
“Ecuador’s international reserves fell to 3.792 billion U.S. dollars at the end of 2009, a drop of 11 percent from the start of the year, the Central Bank of Ecuador said Tuesday.”
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Wednesday, January 6th 2010
“Crude producer Ivanhoe Energy announced it began the drilling process of its first appraisal well in the Pungarayacu oil field in Ecuador.”
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Wednesday, January 6th 2010
“Refineria del Pacifico-CEM will begin talks with investors to arrange financing for the construction of a new refinery in Ecuador, The Wall Street Journal reports.”
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Wednesday, January 6th 2010
“The Ecuadorian National Assembly will resume on Tuesday the first debate on the Comunication Bill, stopped in December, due to disorders by members of the authority opposed to the sanctions to Teleamazonas channel and La Voz de Arutam radio station.”
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Wednesday, January 6th 2010
“South Korea’s SK Engineering and Construction has signed a deal with Ecuadorian state-owned oil firm Petroecuador to upgrade the Esmeraldas refinery, the Andean nation’s largest.”
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Tuesday, January 5th 2010
“Rafael Correa, the president of Ecuador, has just published a book. He titled it Ecuador: From Banana Republic to Non-republic.
He posits that the country, under his leadership, ceased to be a banana republic, governed arbitrarily for the benefit of a dishonest oligarchy and foreign capital, and became a traditional republic with a separation and balance of powers, a neutral constitution and open institutions that propitiate changes smoothly under the tranquil protection of the rule of law — something that it’s not.”
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Tuesday, January 5th 2010
“Every so often, my web browser will veer far enough to the left to find something like this — a heartfelt defense of Ecuador’s hugely-successful bond default which takes all the domestic political rhetoric at face value.”
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Thursday, June 24th 2010
Another post on Amazon Watch and the Chevron Ecuador case: While Amazon Watch and Steven Donziger yell and scream about American Chevron in an attempt to extort billions while claiming to represent Ecuador's "indigenous people," Ecuador President Rafael Correa is just one signed contract away from that country successfully nationalizing revenue from its oil industry. Read More »Thursday, June 24th 2010
This new blog post on the San Francisco Chronicle's website discusses Steven Donziger's role in the trial in Ecuador and the fabricated "independent court expert" report: In the never-ending Chevron Ecuador legal battle, Laywer Steven Donziger (the head of a decade-long battle to extort billions from Chevron for environmental damage caused by the Ecuador-owned Petroecuador and Ecuador President Rafael Correa's policy of allowing oil production in the Amazon, while having kicked out American oil companies) and the Amazon Watch organization yesterday called for additional damages against Chevron in Ecuador, citing alleged sabotage of the court proceedings by Chevron. Read More »Friday, June 11th 2010
Chevron Ecuador case is profiled: After years of litigation over its liability for environmental damage in the Amazon rain forest, the Chevron Corporation is going all-in in its fight with Ecuador by seeking to persuade a panel of international arbitrators that the country’s courts cannot be trusted to dispense justice for foreign investors. Last September, the US oil giant filed a claim for ‘denial of justice’ under a foreign investment protection treaty between the US and Ecuador. The claim is now a major part of the company’s damage-control strategy. Chevron has been readying itself for some time for a massive loss in the Ecuadorian courts, where plaintiffs are seeking to saddle the firm with a $30bn clean-up bill. Chevron insists that Ecuador’s state oil company, PetroEcuador, bears liability for any clean-up, adding that the country’s politically tainted courts are colluding with PetroEcuador and the country’s government to lay the blame at Chevron’s door. Read More »
Friday, July 30th 2010
Ecuador will begin in August the contract talks with foreign oil companies operating in the country: Ecuador will begin negotiating with oil majors in August new contracts to favor the state, Non-Renewable Resources Minister Wilson Pastor said on Thursday, setting the clock ticking for firms in the OPEC nation. Read More »Friday, July 30th 2010
Ecuador is planning to show new draft contracts to oil companies operating in the country: Ecuador's government plans to submit to private oil companies on Friday the model contract that will be used to exchange current production-sharing deals for service contracts. Negotiations with each company will start in the second week of August, the country's minister for non-renewable natural resources said Thursday. Read More »Friday, July 30th 2010
Ecuador will decide on a contract with a subsidiary of a U.S. based oil company: Ecuador will decide by November whether to continue the contract of Energy Development Corp., or EDC, a subsidiary of U.S.-based oil and gas producer Noble Energy Inc. (NBL), the country's minister for non-renewable natural resources told Dow Jones Newswires. Read More »