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