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Prosecutor’s Office raided insurance offices in Guayaquil for a case of alleged embezzlement

The insurance company Mapfre speaks out after the Prosecutor’s Office raided its facilities. He assures that this investigation is not related to other cases that the Prosecutor’s Office is investigating in Petroecuador. As part of an investigation into alleged...
Posted On 01 Mar 2024
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Why was the movie ‘Arthur the King’ not filmed in Ecuador?

‘Arthur the King’, the film about the dog who joins Mikael Lindnord’s team on an adventure race in Ecuador, premieres this March. The movie ‘Arthur the King’ premieres this March 22 in Ecuador, but the film leaves a “bad taste” in the...
Posted On 01 Mar 2024
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Ecuador could pay USD 2,426 million in arbitrations in 2024, the highest bill would be with Chevron

Ecuador could have to make a payment in favor of Chevron for USD 2,000 million, after losing an arbitration against it. The Proforma presented by President Daniel Noboa in the National Assembly warns of possible payment of USD 2,426 million in international arbitrations. The...
Posted On 01 Mar 2024
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Daniel Noboa has the highest acceptance of a President since 1979, according to Cedatos

According to a Cedatos bulletin, 60.3% of Ecuadorians consider that the Popular Consultation promoted by Noboa will help combat insecurity and organized crime. The management of President Daniel Noboa has reached an approval of 81.4% and 75.6% believe in the President’s...
Posted On 01 Mar 2024
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New well in the Sacha field will produce about 700 barrels of oil per day

Petroecuador began drilling well 11 of a total of 15 scheduled on the Sacha 490 platform, located in the province of Orellana. The state company Petroecuador estimated a production of 700 barrels per day in the SCHAQ-605 well, located in the Sacha field, in the province of...
Posted On 28 Feb 2024
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Ecuador will begin negotiations for a trade agreement with the Arab Emirates

The Government of the United Arab Emirates is interested in investing in renewable energy and in the creation of a regional distribution hub in Ecuador. The Governments of Ecuador and the United Arab Emirates agreed to begin negotiations on a trade agreement, reported the...
Posted On 28 Feb 2024
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The capital of chocolate is in Ecuador: Pichincha achieves world distinction

The Ibero-American Academy of Gastronomy awarded the recognition to Pichincha, with which the province wants to be the tourist destination of excellence for chocolate lovers. Pichincha becomes the Ibero-American Capital of Chocolate, after captivating the palates of Europeans at...
Posted On 28 Feb 2024
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Noboa has 79% acceptance according to CEDATOS

The military managed to exceed 93% approval, followed by the president with 79% and the prosecutor Diana Salazar received 57.7% support, in the survey carried out until Thursday, February 22. When reviewing Noboa’s credibility, Ángel Polibio Córdoba, president of  Cedatos,...
Posted On 27 Feb 2024
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Government and companies seek financing in a stagnant stock market

The stagnation of the amount traded in the Ecuadorian stock market responds to a greater perception of risk in the country, which has led to investment restrictions. After a couple of years of good results, the stock market’s forecast for its performance for the last year...
Posted On 27 Feb 2024
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Amistad Field: Petroecuador will invest USD 100 million at its own risk in four wells

In the end, it will be the state-owned Petroecuador that will invest in the Amistad Field, after the failed tender that was canceled in December 2023. Four wells are planned to be drilled. The state oil company Petroecuador will invest, at its own risk, some USD 100 million in...
Posted On 27 Feb 2024
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