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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.

January 4, 2021

Petroamazonas will become an Exploration and Production Management

The public company Petroamazonas , which operated independently between April 2010 and December 2020, will function as one more management …

December 22, 2020

In 2021, everything will depend on investment in the oil sector

The investment will be the fundamental pillar for the Ecuadorian oil sector in 2021 with a view to finding new …

December 18, 2020

Petroecuador asked for international assistance in the Vitol bribery case

According to the general manager of Petroecuador, Gonzalo Maldonado, the public company has the total predisposition to collaborate with the …

December 13, 2020

The US investigates the first case of bribery in Petroecuador for presale of Fuel Oil that ended up in the hands of Vitol Inc.

The new case of corruption in Petroecuador, revealed by the US justice, refers to a single contract in which Pedro …

December 8, 2020

Ecuador analyzes not paying debt with Vitol and a possible lawsuit

The Ecuadorian authorities are analyzing not paying a debt of USD 1.5 million with Vitol, this after a corruption scandal …

December 8, 2020

Lenín Moreno ratifies that the first phase agreement with the United States signed today does not include sensitive agricultural products

The President Lenin Moreno confirmed that the first phase agreement with the United States that subscribe today does not include …

December 4, 2020

Vitol bribery scheme involves Petroecuador

The oil transnational Vitol accepted having paid bribes in Ecuador, Brazil and Mexico and signed an agreement with the United …

November 28, 2020

Judge rules in favor of Latina and grants action to stop the contracting of Petroecuador’s insurance

A judge ruled last Friday, November 27, 2020, in favor of the private insurer Latina , which requested a protection …

November 27, 2020

2 Oil Companies Accused of Bribery in Petroecuador

QUITO.NOV.27.11.2020 (Ane Agency) ._ A former manager of the oil company Vitol and the Sargeant Marine company were investigated and …

October 30, 2020

Ecuador to reject Repsol asset sale to Canadian firm, energy minister says- Reuters

Ecuador plans to reject Spanish oil company Repsol’s REP.MC planned sale of its assets in the country to Calgary-based New Stratus Energy NSE.V, …

October 27, 2020

After 2019 ‘Great Uprising,’ the struggle continues in Ecuador- Worker’s World

Ecuador’s regime mobilized all 47,000 national police to repress massive worker-student demonstrations in Quito, the capital, and 17 provinces of …

October 26, 2020

IMF: What we can expect for the Latin American and Caribbean economy- World Economic Forum

Our new Regional Economic Outlook: Western Hemisphere projects a real GDP contraction of 8.1 percent in 2020. Unlike in previous …