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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.

June 25, 2021

With an advance of $ 300 million, Vitol Inc. secured $ 922 million of Ecuadorian fuel oil for 30 months

The contract between Petroecuador and Oman Trading International Limited (OTI) represented a good deal for the multinational Vitol Inc., which …

June 22, 2021

Petroecuador announces well drilling campaigns in the Amazon

The Ecuadorian state oil company Petroecuador announced this Sunday that it would carry out drilling campaigns for production wells in various …

June 15, 2021

Ecuador authorizes use of China’s CanSino vaccine against COVID-19

Ecuador said on Tuesday it has approved the use of the COVID-19 vaccine made by China’s CanSino Biologics Inc, part …

June 15, 2021

Guillermo Lasso begins his administration with the highest percentage of acceptance since the return to democracy

Guillermo Lasso , the current president of Ecuador , broke with the stigma that a banker , Catholic and conservative would become president. What’s more, right now he is the …

June 9, 2021

Pablo Luna, former Petroamazonas official, assumes management of state-owned Petroecuador

Gonzalo Maldonado Albán , deputy manager of EP Petroecuador , announced today, June 8, 2021, his departure from the entity, …

June 8, 2021

Ecuador’s Petroecuador awards 2.16 million bbl tender to PetroChina

Ecuador’s state oil company Petroecuador said on Monday that it had awarded a tender to purchase some 2.16 million barrels …

June 2, 2021

Is the end of oil close to coming?

Climate activists and international investors are putting oil companies on the ropes, a global action that is also closing in …

June 1, 2021
The Ecuadorian Flag

Ecuador energy minister nominee withdraws after leaving miner’s board

Newly-installed Ecuadorean President Guillermo Lasso’s pick to be the oil-producing country’s next energy and mines minister withdrew from consideration on …

May 26, 2021

Ecuador’s new banker-turned-president pledges action on vaccinations, economy

Former banker Guillermo Lasso, sworn in as Ecuador’s new president Monday, said he would escalate efforts to vaccinate people against …

May 24, 2021

Guillermo Lasso: Ecuador’s new leader faces uphill struggle

The 65-year-old conservative former banker defeated left-wing rival Andrés Arauz in a closely fought run-off election on 11 April. He …

May 21, 2021
The Ecuadorian Flag

Ecuador president-elect names businessman as energy minister

Ecuador’s President-elect Guillermo Lasso on Thursday named a businessman from a private agroindustrial and real estate conglomerate as the country’s …

May 20, 2021

The oil sector stagnates despite millionaire investment in 14 years

Despite representing 10% of national wealth and 30% of tax revenues, the oil sector has had a political and inefficient …