PressTV – Ecuador president defends populist credentials
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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Ecuador News
Al Jazeera – Amazon rainforest summit fizzles
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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LivinginPeru.com – Ecuador will pay Peru US 52 million dollars for supplying energy
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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Earth Stream – No-shows among South American leaders at Amazon summit
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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JLM Pacific Epoch – Sinopec to Invest Up to $1.1b in Ecuador JV
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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MercoPress – Ecuadorean oil in exchange for Chinese credits, cooperation and war planes
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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Radio Netherlands Worldwide – Ecuador: EU must boycott Honduras poll
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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Asia One News – Ecuador buys Chinese warplanes
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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China View – China, Ecuador pledge to further cooperation
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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CCTV.com – China, Ecuador pledge greater cooperation
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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EFE – China extends $51 mn in loans to Ecuador
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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Syracuse New Times – Ecuador Says It Won’t Pay Illegitimate Debt
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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Reuters – Aecon reaches agreement on Ecuador airport fees
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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examiner.com – Ecuadorian government proposes new salary measures for businesses
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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Intellectual Property Watch – Ecuador To Define Its Compulsory Licence Legislation
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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Washington Post – Voice of America expands audience
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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Dow Jones – Ecuador’s Correa To Meet With China’s Top Political Adviser
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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Xinhua – Ecuador, Colombia formally establish ties at trade representations level
Tuesday, November 24th 2009
“Ecuador and Colombia formally established on Monday ties at trade representation level, official sources said.”
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Xinhua -Backgrounder: The Republic of Ecuador
Tuesday, November 24th 2009
“The Republic of Ecuador is located on the west coast of South America, bordering Colombia on the northeast and Peru on the southeast. The country, with Quito as its capital city, has an area of some 256,000 square km.”
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Xinhua – Ecuador opens military outposts on border with Colombia
Tuesday, November 24th 2009
“Ecuadorian President Rafael Correa urged Colombia to do its bit to secure their border after opening three new military outposts on Monday.”
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In the News
SFGate.com – Ecuador one contract away from owning oil production and profits
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 »SFGate.com – Amazon Watch is afraid to sue Ecuador
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 »FDI Magazine – Will treaty save Chevron in Amazon rain forest dispute?
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 »Ecuador News
Reuters – Ecuador says to start oil contract talks in August
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 »Dow Jones – Ecuador To Submit New Model Oil Contract To Companies Friday
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 »Dow Jones – Minister: Ecuador To Decide Fate Of Noble Unit’s Contract By Nov
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 »