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Ecuador Political News

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 of Petroecuador.

Petroamazonas will operate as Exploration and Production Management. From this instance, the exploration and production of oil fields will continue. On average, the blocks in charge of the state-owned company are contributing 412,097 barrels per day. This represents 80% of all national production, according to the report of last January 3 published by the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources. The remainder – 101,467 barrels – comes from private companies that are in charge of operating other fields.

To read the full story on El Comercio, 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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