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Ecuador Political News

Ecuador will increase 8% of its oil production this year

QUITO (AP) — Ecuador will increase oil production by about 40,000 barrels a day through December of this year, or 8.36 percent, and will put the state’s network of fuel stations up for sale through auction, the energy minister said Tuesday.

In statements to the Ecuavisa television network, Minister Juan Carlos Bermeo stressed that to comply with President Guillermo Lasso’s decision to increase oil production “we have set ourselves a first goal, which is an additional 40,000 barrels until December and for that we are working intensively.”

He said that drilling work is being carried out in different oil fields in the Amazon “but always with environmental and social responsibility. It’s not about destroying the environment… it is about providing the resources of oil extraction for the development of the country.”

To read the full story on Santa Maria Times, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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