Four Cos. to Invest $727 Mln in Ecuador

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 18.Aug.2018) – Ecuador announced four companies would invest $727.85 million to boost production in a number of fields.

The companies – Triboilgas Cía. Ltda, Vinccler C.A, Arotekh C.A. and Avanzia – plan the investments in the Cuyabeno/Sansahuari, Oso, Yuralpa and Blanca/Vinita fields located in provinces of Orellana, Sucumbíos and Napo, reported the daily newspaper El Universo.

The process for the participation of companies began last March. It is anticipated that by September contracts will be signed with the companies, which are from the Latin American countries of Ecuador, Venezuela and Mexico, reported the daily.

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