Connect with us

Hi, what are you looking for?

Ecuador Political News

Ecuador to ink China oil-backed loan in Nov: Minister- Argus Media


Ecuador hopes to sign a new $1.4bn oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading companies, Ecuadorean oil minister René Ortiz told Argus.

The fresh Chinese loan would complement Ecuador’s recent $17bn bond debt structuring and a $6.5bn IMF loan approved last week.

The oil-backed credit will be syndicated by China Development Bank and will include a German financial institution as well, Ortiz said in an interview this week.

To read the full article on Argus Media, click here.


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...