Venezuela’s oil production is running 1.5 million barrels per day (bpd) short of its historic output but it is something that the country must address itself, Ecuador oil minister Carlos Perez said. Caracas should address the shortfall on its own, added Perez on the sidelines of the CERAWeek energy conference in Houston.
Ecuadoreans on Sunday voted to prevent presidents from holding more than two terms in office, according to the elections council, a win for President Lenin Moreno that blocks his mentor-turned-adversary Rafael Correa from returning to power. The results from the referendum, called by Moreno, roll back a measure Correa pushed through Congress in 2015 to allow unlimited presidential re-election.
When Ecuadorians vote on Sunday barring former president Rafael Correa from re-election, they will also be choosing whether to buck a trend across South America in which overbearing former presidents just can’t let go of power.
The British Foreign Office rejected an Ecuadorian government request to grant the WikiLeaks founder Julian Assange diplomatic status in a bid to bring to an end his forced stay in the South American country’s London embassy.
Ecuador has chosen a new vice president to replace Jorge Glas, who was sentenced to six years in jail for his role in a bribery scheme involving Odebrecht, the Brazilian company at the center of Latin America’s biggest corruption scandal. Lawmakers selected Maria Alejandra Vicuña in a vote on Saturday.
Ecuador's Constitutional Court gave lawmakers authority to start proceedings aimed at dismissing Vice President Jorge Glas -- in prison for graft -- from office. The court's judges gave unanimous backing to the National Assembly to go ahead with the procedure.
Ecuador's ruling Country Alliance party, founded by former president Rafael Correa over a decade ago, has removed President Lenin Moreno as its head, citing repeated failures in leadership, as a schism between the former allies deepens.
Overfishing has given rise to a diplomatic trouble between China and Ecuador. In mid-August, Ecuador detained a Chinese vessel in the Galapagos Islands and found 6.600 sharks on board. The 20 Chinese fishermen have been sentenced up to four years for illegally fishing and to pay US$ 5.9 million.
Authorities in Ecuador have detained the crew of a Chinese fishing boat suspected to have caught hundreds of endangered sharks in the Galapagos Islands. The Fu Yuan Yu Leng 999 was found Sunday in the archipelago, which is a marine reserve, carrying 300 tons of fish.
Ecuadorean President Lenin Moreno stripped his vice president of his authority Thursday over corruption allegations that emerged amid a battle for power within their ruling leftist coalition. In a signed decree, Moreno said he was withdrawing all the tasks that had been assigned to Vice President Jorge Glas since both took office in May, which included overseeing a production council and earthquake reconstruction.