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Ecuador Political News

PetroAmazonas steadies drillbit on lean purse: CEO- Argus Media

“We have no choice but to be more efficient,” said Bermeo, who took office on 3 February in place of Lenin Pozo.

PetroAmazonas accounts for around 80pc of the former Opec country’s wellhead crude production, which fell to 514,000 b/d in January from 524,000 b/d in December, according to regulatory data.

Bermeo, who previously served as vice minister of hydrocarbons, says he is encouraged by the company’s performance under difficult fiscal and social conditions.

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



Members of indigenous communities in the Amazon in Ecuador would like to know: What happened to the more than $20M reportedly raised on their behalf by now-disbarred NY lawyer Steven Donziger? #FollowtheMoney
#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:

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