Yachay EP took over another public company

It had less than two years of life. The Public Company of Economic Development Eloy Alfaro (Azede EP)  was absorbed by Yachay EP by order of President Rafael Correa. Yesterday, Executive Decree 845 was issued, which sealed the fate of the company in charge of promoting projects...

Del Pacifico Refinery would be ready between 2018 and 2019

The Manager of the del Pacifico refinery, Bismarck Andrade, during the act of accountability to that entity on Friday, announced that the work would be ready between 2018 and 2019. Andrade said that the search for funding has been the cause for the delay in the construction of...

Financing credit with China is not signed yet but the works continue

The preliminary works for the construction of the Pacific Refinery, which would come into operation from 2017, continues despite the credit is still under negotiation with China. The Ministry indicated it would have other options for financing an agreement if the one with China...

ICBC Bank of China would finance Pacific Refinery

Minister of Strategic Sectors Rafael Poveda, said yesterday that they are currently in the final stage of negotiations with representatives of Chinese ICBC Bank for 100% financing of the structure of the Pacific Refinery (RDP for its Spanish acronym), which will cost 10 billion...

2,500 tubes for the Pacific Refinery arrive to Manta

The first 2,500 tubes from a total of 7,800 landed in the Port of Manta,  this will be part of the aqueduct that will carry water to the Pacific Refinery and will provide this service to the canton. The steel pipes came from China, which weighed 10 tons. The second shipment will...

Government will seek to specify $ 7 billion for Refinery

Deputy Minister of Strategic Sectors, Augusto Espin, will travel accompanied by a delegation of Ecuador in 15 days, with the purpose of advance and specify the negotiations with China, and get $ 7 billion for the construction of the Pacific Refinery in Manabi. Strategic Sectors...