(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister José Agusto announced the South American country continues with plans for another bid round, while he added the country has also attracted investor interest in a new refinery. Ecuador, which recently experienced weeks of protests related to a failed […]
Tag: Carlos Perez
Ecuador Names New Energy Minister
(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its mining sector. Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons. Agusto has previously worked […]
Ecuador Oil Minister Resigns
(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 […]
Ecuador Resumes Exports After Protests
(Reuters, 20.Oct.2019) — Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced it to declare a force majeure. Ecuador on Oct 9 halted crude sales and shut a crucial state oil pipeline because at least 20 fields […]
Ecuador’s Government Crisis, Explained
(Bloomberg, Matthew Bristow and Stephan Kueffner, 8.Oct.2019) — Ecuador’s government abandoned the capital city, Quito, as demonstrators sabotaged oil installations and ransacked government offices and businesses over rising fuel costs. As violent unrest spread, President Lenin Moreno accused supporters of his predecessor, Rafael Correa, of trying to overthrow his government. […]
Ecuador’s Moreno Decries ‘Coup Attempt’ Amid Protests
(Reuters, Alexandra Valencia and Daniel Tapia, 7.Oct.2019) — Thousands of indigenous protesters marched into capital Quito on Monday in a fifth day of action against austerity measures that have sparked the worst unrest in years, prompting President Lenin Moreno to accuse opponents of attempting a coup. The protests erupted in […]
Ecuador Frees Up Fuel Prices, Unrest Erupts
(Argus, 3.Oct.2019) — Unrest has broken out in Ecuador ahead of the lifting of motor fuel subsidies tomorrow. The government declared a state of emergency today to try to quell the unrest. In a national address late yesterday, President Lenin Moreno announced a decree to remove the subsidies from diesel […]
Ecuador Eyes New 300,000 b/d Capacity Refinery
(Reuters, 27.Aug.2019) — Ecuador is seeking private companies interested in building a new refinery on the OPEC nation’s coast with a capacity of up to 300,000 barrels per day (bpd), a state official said on Tuesday. The government of President Lenin Moreno signed a decree authorizing the design, construction and […]