Petroecuador Names Ramon Correa as New General Manager

The board of directors of Ecuador's state-owned oil company Petroecuador on Tuesday named Ramon Correa, an engineer, as general manager following recent management changes in the wake of a corruption investigation. Correa replaces Maria Elisa Soledispa, who was appointed the interim head of Petroecuador following the resignation of former chief Hugo Aguiar, who stepped down after his... Continue Reading →

Ecuador’s attorney general detains seven in Petroecuador corruption probe

(Reuters) - Ecuador's attorney general has detained seven people, including former officials, as part of an investigation into suspected corruption in state oil company Petroecuador, it said on Tuesday. Prosecutors carried out raids across several cities at the same time, with targets including Petroecuador's offices in capital Quito, after receiving information from authorities in the... Continue Reading →

Ecuador’s state oil firm warns Trafigura to stop Russian diesel imports

(Reuters) - Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel in an effort to comply with sanctions targeting Russia's energy exports, Petroecuador said in a statement late on Sunday. Petroecuador's public warning to Trafigura follows European Union and United States sanctions imposed on Russian energy supplies after... Continue Reading →

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