Ecuador Oil Minister Resigns

Estimated read time 1 min read

(Reuters, 12.Nov.2019) — Ecuadorean Oil Minister Carlos Perez on Tuesday announced his resignation in what he called a personal decision to spend more time with his family, weeks after the country was rocked by violent protests over a planned fuel price hike.

President Lenin Moreno in October rolled back a plan to eliminate costly fuel subsidies as part of an International Monetary Fund financing package after indigenous groups clashed with troops and demanded Moreno’s resignation.

“Today I am leaving after having spent two and a half years in this post,” Perez, who also oversees the energy and mining sectors, told a news conference.

It was not immediately evident who would replace him.

Moreno has maintained discussions with indigenous leaders who led the protests to determine how to close a fiscal gap without the drastic fuel price increases that sparked the October unrest.

He has not yet announced concrete plans for how to shore up government finances.

(Reporting by Alexandra Valencia in Quito Writing by Brian Ellsworth Editing by Chizu Nomiyama and Matthew Lewis)

***

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

You May Also Like

More From Author

+ There are no comments

Add yours