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11.07.2014 Spain's Repsol to develop new oil field in Ecuador

Spanish oil major Repsol said it plans to develop a new oil field in Ecuador that could yield between 5 million and 6 million barrels of crude.

05.03.2014 US court overrules Ecuadorian judgment against Chevron

The U.S. District Court for the Southern District of New York on March 4 ruled that the $9.5 billion judgment against Chevron Corporation in Ecuador was the product of fraud and racketeering, finding it unenforceable.

17.02.2014 Repsol reportedly extends contract in Ecuador’s Amazon region

Repsol SA (REP), Spain’s biggest crude producer, signed a deal with Ecuador’s government to expand an oil operation in the South American country’s eastern Amazon region, two people with knowledge of the deal said, Bloomberg reported on February 14.

03.02.2014 China to fund oil refinery in Ecuador

China recently agreed to provide $10 billion in funding to the massive Pacific refinery project currently underway in Ecuador, China Daily reported on February 3.

23.01.2014 Ecuador to build $10 billion refinery with Chinese help

China will finance most of the costs associated with building a $10 billion refinery in Ecuador, and become a partner in the megaproject, President Rafael Correa said on January 22, AFP has reported.

23.01.2014 Chinese CNPC, Ecuador vice-president discuss joint projects

On January 21, a delegation headed by Jorge Glas, Vice President of Ecuador, paid a visit to CNPC and was warmly welcomed by CNPC Chairman Zhou Jiping, CNPC’s press service reported on January 22.

18.12.2013 Ecuador Invites Belarus to Mature Fields

Ecuador has invited Belarus to take part in projects to extend the life-cycle of mature oil fields, Ecuador Vice President Jorge Glas Espinel told BelTA on December 17. The Ecuadorian Vice President is on a visit to Belarus as part of highest-level agreements.

09.12.2013 Belarus Eyes Ecuadorian Oil

The Belarusian industrial group Belorusneft in association with the Ecuadorian company Petroamazonas and the Chilean company ENAP has taken part in the 11th round of government tenders for the license to prospect and extract oil in Ecuador, representatives of the Belarus

04.12.2013 Ecuador’s Petroamazonas to Explore Unpopular Blocks

Ecuador's state company Petroamazonas will explore new oil blocks in the Amazon jungle if they fail to draw interest from foreign energy firms, President Rafael Correa said on December 3 during a visit to the region, Reuters has reported.

02.12.2013 Ecuador to Receive Bids for Four Oil Blocks

Ecuador mustered bids for just four of 16 oil blocks it offered in its Amazon jungle region which could potentially contain a total of 1.5 billion barrels of crude, Reuters reported on November 29.