By N. H. Gill(Oct. 25, 2022) — On Oct. 25, 2022, the U.S. Department of Justice unsealed a criminal indictment against Nilsen Arias Sandoval, a high-ranking official at Ecuador’s state-owned oil company, Petroecuador, for taking part in a widespread bribery and money laundering scheme during the administration of ex-Pres. Rafael Correa. Sandoval allegedly “accepted and… Read More United States v. Nilsen Arias Sandoval
Landslides severed Ecuador’s two oil pipelines last week, spilling heavy crude into the Coca River in the country’s northeastern Amazon region. Now, amid the ongoing coronavirus crisis … Read More Ecuador Landslide Deepens Virus Crisis as Oil Pipelines Severed for Weeks
Oil-producing countries must take the necessary steps to stabilize the global crude market in a bid to improve prices, Ecuador Foreign Minister … Read More Latin America Oil Producers Call for Action to Improve Prices
By Nathan Gill and David Wethe (Bloomberg) — Andes Petroleum Ecuador Ltd. and Repsol SA, Ecuador’s two biggest foreign oil producers, are shelving plans to drill exploratory wells amid a payment dispute with the OPEC nation’s government, according to two people with direct knowledge of the matter. Andes, owned by China National Petroleum Corp. and… Read More China’s Andes Said to Join Repsol in Ecuador Oil Drilling Freeze
Velasco, Alejandro. Barrio Rising: Urban Popular Politics and the Making of Modern Venezuela. Oakland, California: University of California Press, 2015.… Read More Barrio Rising: Urban Popular Politics and the Making of Modern Venezuela: Review
By Nathan Gill(Bloomberg) — President Rafael Correa, a former economics professor critical of Ecuador’s use of the dollar as its official currency, said the greenback is worsening the impact of falling crude prices as liquidity in the economy contracts. The reliance on the dollar means the government can’t print more money to increase the amount… Read More Ecuador’s Dollar Reliance Worsens Impact of Oil, Correa Says
(Originally published by Bloomberg News) By Nathan Gill (Bloomberg) — Ecuador, an OPEC nation that relies on crude for about a quarter of revenue, obtained enough financing from China to avoid deeper budget cuts even as its oil price fell below $40 a barrel, Finance Minister Fausto Herrera said. The Latin American country expects total… Read More China Rescues Ecuador Budget From Deeper Cuts as Crude Drops
Not even the endangered white-bellied spider monkey can escape the lingering consequences of Ecuador President Rafael Correa’s decision to default on $3.2 billion of debt four years ago. … Read More White-Bellied Spider Monkey Losing to $18 Billion of Oil
By Nathan Gill Sept. 28 (Bloomberg) — Dell Inc., the world’s second-biggest maker of personal computers, sees “huge” prospects for growth in Latin America, where the company is looking to provide technology to Brazil’s oil industry. “Growth potential is huge in Latin America and Brazil,” Raymundo Peixoto, Dell’s manager for Brazil, said today in an… Read More Dell’s Peixoto Sees ‘Huge’ Growth Potential in Latin America
By Matthew Craze and Nathan Gill May 13 (Bloomberg) — Empresa Nacional del Petroleo, Chile’s state-controlled oil and gas company, said the start-up of a liquefied natural-gas plant will help the company’s refinery business return to profitability. The Quintero LNG plant will reduce power costs at the company’s Aconcagua refinery by… Read More Enap Says Chile Quintero Plant to Help Profitability
By Nathan Gill April 7 (Bloomberg) — Tenaris SA, the world’s biggest maker of seamless steel tubes for oil and gas pipelines, dropped the most in a week as the price of crude fell for a third day. Tenaris declined 4.5 percent to 40.45 pesos in Argentine trading, the steepest fall since March 30. “There… Read More Tenaris Falls Most in a Week as Oil Prices Decline
By Nathan Gill Feb. 26 (Bloomberg) — Ecuadorean Oil and Mines Minister Derlis Palacios said Perenco SA has until March 3 to pay taxes or state-owned PetroEcuador will take steps to seize the French oil company’s assets. Ecuadorean President Rafael Correa said Feb. 14 that he had given the order to begin a lawsuit against… Read More Ecuador May Seize Perenco Assets Over Tax Dispute
By Nathan GillFeb. 14 (Bloomberg) — Ecuador’s President Rafael Correa said today that he has given the order to begin a lawsuit against Repsol YPF SA, Spain’s largest oil company, and Perenco SA, a French oil company, over their failure to pay taxes. Correa said during his weekly address to the nation that both companies… Read More Ecuador’s President Calls for Lawsuit Against Repsol, Perenco
By Nathan Gill Feb. 13 (Bloomberg) — Ecuador’s President Rafael Correa met yesterday with representatives of state-owned oil company Petroamazonas SA to discuss the $820 million needed to finance four new oil fields in the nation’s Amazon rain-forest region. Petroamazonas is seeking joint ventures with companies including Schlumberger Ltd., the world’s largest oilfield-services provider, to… Read More Ecuador Petroamazonas Wants $820 Million for Amazon Oil Fields
Citation Williams, Derek. “Crude Chronicles: Indigenous Politics, Multinational Oil, and Neoliberalism in Ecuador.” Hispanic American Historical Review 86, no. 2 (May 1, 2006): 409–11.
Citation Sawyer, Suzana. Crude Chronicles: Indigenous Politics, Mutlinational Oil, and Neoliberalism in Ecuador. Durham: Duke University Press, 2004.
Citation Gerlach, Allen. Indians, Oil, and Politics: A Recent History of Ecuador. Latin American Silhouettes. Wilmington, Del: Scholarly Resources, 2003.