Petroecuador

PetroEcuador (Gerencia de Oleoducto Petroecuador; also Petroecuador), an international oil company owned by the Ecuador government, produces crude petroleum and natural gas.

Oil Discoveries

2002

In May 2002, Petroecuador "announced the discovery of 963 million barrels of reserves in the country's largest oil field, Ishpingo-Tambococha-Tiputini near the border with Peru. The find represents 23% of the country's oil reserves and could draw up to US$3.8 billion in investment." [1]

Personnel

• Fernando Gonzalez Williams, President
• Jaime Crow Montalvo, Vice President, Petroproduccion (E&P arm)
• Pedro Jose Moscoso, Vice President, Petrocomercial (commercialization arm)

Contact Information

Alpallana E8-86 y Av. 6 de Diciembre
Quito, Ecuador
Phone: 593-2-2563060
Fax: 593-2-2503571
Email: info @ petroecuador.com.ec
Website: http://www.petroecuador.com.ec (Spanish)

Related SourceWatch Resources

• oil industry
• OPEC

External links

2002

• Dr. Leslie Jermyn, "Dossier on the OCP pipeline in Ecuador: Interview with Eduardo Naranjo, Director of Institutional Relations, PetroEcuador, Quito, Ecuador, GlobalAware Independent Media, March 7, 2002.
• Mary A. Dempsey, "Petroecuador - Ecuador," Latin Trade (FindArticles), May 2002.

2005

• Representation: ChevronTexaco Corp. v. Petroecuador, No. 50 T 198 00297 04 (American Arbitration Association); Republic of Ecuador v. ChevronTexaco Corp., No. 04 Civ. 8378 (SHS) (S.D.N.Y.), Jones Day, 2005.
• Juan Forero, "World Business Briefing | Americas: Ecuador: Petroecuador Revives," New York Times, August 23, 2005.

2006

• Alonso Soto, "Petroecuador Suspends Oil Exports Amid Protest," Reuters (The Epoch Times), February 8, 2006.
• "Petroecuador President Resigns Over Cash Flow Problems," BNAmericas (RIGZONE), February 13, 2006.
• "Petroecuador Board Appoints New President," BNAmericas (RIGZONE), March 7, 2006.
• "Ecuador Declares State-of-Emergency Due to Oil Strike," EFE News Services (RIGZONE), March 8, 2006.
• "Ecuador Oil Workers Strike Ends, Output Gradually Recovers," BNAmericas (RIGZONE), March 10, 2006.
• Mercedes Alvaro, "Petroecuador's Friday Oil Output Up At 141,000 Bbls," Dow Jones Newswires (Morningstar.com), March 10, 2006: "President Alfredo Palacio decreed the state of emergency Tuesday night, suspending constitutional rights in Sucumbios, Orellana, and Napo provinces after a strike by about 4,000 workers from companies contracted by state-run Petroecuador in the first two provinces."
• "Petroecuador rejects Occidental renegotiation bid," Reuters, March 20, 2006.
• "Petroecuador Rejects Oxy Proposal to End Legal Dispute," BNAmericas (RIGZONE), March 21, 2006.