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Ecuador Political News

Read the latest political news out of Ecuador including new and ongoing issues, the political system, and the president of Ecuador Rafael Correa.

October 28, 2009

Dow Jones – Ecuador Wants $3.5 Billion To Keep Amazonian Oil Underground

“Ecuador wants $3.5 billion as compensation for not extracting crude from an Amazonian reserve, the country’s foreign minister said Tuesday, …

October 28, 2009

Dow Jones – Ecuador’s Correa Signs Decree To Replace Medical Patents

“Ecuador’s President Rafael Correa has signed a decree to grant mandatory licenses for local laboratories to produce local medicines currently …

October 28, 2009

Bloomberg – Ecuador Seeks Cash to End Three-Year Oil Output Drop

“Ecuador, the smallest member of the Organization of Petroleum Exporting Countries, is seeking to attract investment from state-run companies in …

October 28, 2009

Xinhua – Ecuador confirms purchase of two Russian helicopters

“Ecuador confirmed on Tuesday it had bought two transport helicopters from Russia, an investment of 22 million U.S. dollars, Ecuadorian …

October 28, 2009

Latin American Herald Tribune – Ecuador President Says Rich World Should Pay Poor Countries Not to Pollute

“Ecuadorian President Rafael Correa said on Tuesday that wealthy nations should make up for their disproportionate role in causing climate …

October 27, 2009

AP – Ecuador to Europe: Pay us not to drill in Amazon

“Ecuador’s president is in London this week to promote a unique proposal: pay his country $3 billion not to drill …

October 27, 2009

Dow Jones – Repsol Says Restarts Drilling In Ecuador Oil Block 16

“Spanish oil company Repsol YPF SA (REP, REP.MC) said Monday that it had restarted oil drilling at block 16 in …

October 27, 2009

Bloomberg – Ecuador May Recognize Separtist Georgian Regions, Vedomosti Says

“Ecuador may recognize the sovereignty of the Georgian separatist regions of Abkhazia and South Ossetia during a visit to Moscow …

October 27, 2009

Dow Jones – Ecuador: Germany Pledges $50M/Yr For Yasuni Proj

“Germany has pledged $50 million a year as a contribution to the Yasuni-ITT project, which would see Ecuador compensated for …

October 27, 2009

Fruitnet – Ecuador to set up banana export group

“President Rafael Correa announces creation of state banana exporter to tackle tax avoidance and “abuses” of the system The government …

October 27, 2009

Dow Jones – Ecuador Rejects Cimpor’s Offer For Cemento Chimborazo

“Ecuador has rejected an offer for its state-owned cement plant, Cemento Chimborazo, from Portuguese cement producer Cimentos de Portugal SGPS …

October 27, 2009

Xinhua – UN General Assembly praises Ecuador for support

“The Ecuadorian government was praised by the United Nations (UN) General Assembly for its unconditional support for the body, the …