Tag: Ecuador

Ecuador
Thursday, October 9th 2014 - 10:36 UTC

YPF goes overseas: signs agreement with Ecuador to recover mature fields

CEO Galuccio said the Petroamazonas project is part of YPF's strategy to diversify overseas and become a top league player in the region's oil industry

Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.

Thursday, October 2nd 2014 - 06:54 UTC

Ecuador apologizes to indigenous community for allowing oil drilling

“We offer our public apology for the violation of indigenous property, the right to consultation,” said Justice Minister Ledy Zuniga

Ecuador has apologized to an indigenous community for authorizing oil drilling on ancestral land without their permission. The apology to the Sarayaku community came two years after the Inter-American Court of Human Rights ruled that the OPEC nation had violated the tribe's right to be consulted on oil concessions granted for their land.

Tuesday, August 19th 2014 - 08:31 UTC

Assange announces he plans to abandon the Ecuadorean embassy 'soon'

The Australian hacker has been living at the embassy for two years

WikiLeaks founder Julian Assange, who has spent over two years inside Ecuador's London embassy to avoid extradition to Sweden, said on Monday he planned to leave the building “soon”, but his spokesman said that could only happen if Britain let him.

Wednesday, August 13th 2014 - 05:34 UTC

Earthquake strikes Quito kills two and violently shakes buildings

The country's Geophysics Institute said the quake occurred at a depth of five kilometers and was followed by a forceful aftershock.

A shallow 5.1-magnitude earthquake has struck the Ecuadorian capital Quito, triggering landslides that killed at least two people and violently shaking buildings and homes. Another eight people were injured and three others trapped in the landslides at quarries on the outskirts of Quito, the country's risk management agency said on Twitter.

Monday, August 11th 2014 - 22:30 UTC

Quito, leading destination of South America, at World Travel Awards

“We are the leading destination in South America, an honor that opens the door for tourists to come and enjoy its marvels,” said Quito Mayor Mauricio Rodas

Ecuador's capital, Quito, was named “South America's Leading Destination” for the second year in a row at the 21st regional World Travel Awards gala, considered the Oscars of the tourism industry.

Friday, March 21st 2014 - 09:50 UTC

Unasur 'democratic clause' comes into force after ratification by Uruguay and Colombia

Ecuadorean foreign minister announced that a Unasur delegation will be arriving in Venezuela before the end of March

Any country that suffers an interruption to its democratic order will be automatically excluded from Unasur (Union of South American Nations), the bloc announced this week, after its “democratic clause” came into force and as Venezuelan President Nicolás Maduro claimed that a US-funded campaign is trying to ouster him.

Wednesday, January 29th 2014 - 20:37 UTC

Ecuador readies witch hunt against certain journalists, claims NGO Fundamedios

Correa describes himself as a victim of private media persecution and dismisses media watchdog groups as stooges of corporate enterprise

Ecuadorean non-governmental organization Fundamedios claimed that President Rafael Correa is trying to stop it from operating normally after the government announced that the “administrative control” of the NGO would be transferred to the national Communications Secretariat.

Sunday, January 26th 2014 - 09:27 UTC

Uruguay, Ecuador and Malta boast best climates in the world

Punta del Este resort in Uruguay

Uruguay, Ecuador and Malta were named as the best three countries in the world when it comes to climate.

Thursday, November 14th 2013 - 18:30 UTC

Business climate in Latam receives 'unfavorable' assessment from Brazil's leading foundation

Getulio Vargas Foundation elaborates the index surveying 137 experts

The business climate (ICE) in Uruguay was down in the third quarter of the year, which means the country dropped from position 5 to 7 in the ranking of the eleven economies contemplated in the index elaborated by the Brazilian Getulio Vargas Foundation and Germany's respected IFO.

Thursday, October 24th 2013 - 07:25 UTC

Former Ecuadorean judge admits taking bribes in pollution case against Chevron

Chevron claims plaintiff lawyers led by Steven Donziger, engaged in a scheme to extort money from the company during a 20-year legal battle

A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.

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