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Ecuador Political News

Ecuador seeks to lure investors by expanding oil auction: minister – Reuters

Ecuador will increase the number of oil and gas areas it plans to offer in an auction next month by including mature crude fields and an offshore gas field, oil minister Carlos Perez told Reuters on Tuesday. Many Latin American countries are trying to improve their offerings and contract rules to secure foreign investment amid intense regional competitions this year, with major auctions expected in Mexico, Brazil and Uruguay. Read more>>

Ecuador political news

Ecuador will increase the number of oil and gas areas it plans to offer in an auction next month by including mature crude fields and an offshore gas field, oil minister Carlos Perez told Reuters on Tuesday. Many Latin American countries are trying to improve their offerings and contract rules to secure foreign investment amid intense regional competitions this year, with major auctions expected in Mexico, Brazil and Uruguay. Read more>>

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