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President Lenin Moreno meets with oil companies

Ecuadornews:     President Lenin Moreno is scheduled to meet today with representatives of four private oil companies. Moreno will meet separately with directors of Halliburton, Repsol, Petrosur-Petroriva Consortium, Baker Hughes, and GE Company (BHGE). Baker Hughes, a...
Posted On 07 Aug 2017
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Gente Oil Global showed interest in the Cuyabeno oil field

Ecuadornews:     On February 22, 2016, founding president of People Oil Global Khalil Boutros al-Sholy and ambassador for Ecuador in Qatar Kabalan Bahij Abisaab Neme were part of the guests to the change of guard of former President Rafael Correa, according to a report...
Posted On 07 Aug 2017
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Banks ask to shield the country from inorganic issuances

Ecuadornews:     Private banks will present four proposals to strengthen dollarization today. Representatives of the sector will attend the sectoral board for the financial sector, as well as insurers and credit cooperatives unions, and representatives of stock...
Posted On 07 Aug 2017
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The ruling party will seek to build bridges between Moreno and Glas

Ecuadornews:     Hope is the last to die. That is the thinking of the legislators of the Alianza PAIS bloc, who qualify this week as crucial to find a solution to the impasse between President Lenin Moreno and his running mate Jorge Glas, as their relationship worsened...
Posted On 07 Aug 2017
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Luis Gallegos: “There are private opponents that would hamper access to the US.”

Ecuadornews:     The United States is the main trading partner of Ecuador. In 2016, the northern country bought $ 5,410 million and sold $ 3,890 million in turn, “which leaves a positive trade balance for the country of $ 1,520 million. Figures from the Central...
Posted On 07 Aug 2017
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Graphic system of colors would be included in the Health Code of Ecuador

Ecuadornews:     The labeling of processed foods in force since three years ago could be contained in the Health Code, whose first debate was already held in the Legislature. The regulation establishes that fat, sugar, and salt contents must be identified by colors: Red...
Posted On 07 Aug 2017
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Odebrecht informer says that he paid Glas bribes for $ 14 million

Ecuadornews:     Odebrecht’s former director in Ecuador José Conceição Filho confessed to Brazilian justice that between 2012 and 2016 he paid at least $ 14.1 million to Vice President Jorge Glas. Moreover, he recorded conversations with him and an intermediary,...
Posted On 04 Aug 2017
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What does it imply the fact that the Vice-President had been repealed from his duties?

Ecuadornews:     Decree number 100 – issued on Thursday, August 3, 2017 – strips the current Vice President Jorge Glas from his functions. However, this does not mean that Glas has been removed from office. Section 149 of the Constitution of the Republic...
Posted On 04 Aug 2017
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Attorney General opened a preliminary inquiry into the Singue case

Ecuadornews:     The preliminary investigation opened by the Office of the Attorney General on the alleged crime of embezzlement in the award of the exploitation of the Singue oil block, and in which 20 persons have been identified as responsible, including...
Posted On 04 Aug 2017
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Rice farmers ask for high-quality seeds and better commercialization practices

Ecuadornews:     The Technical Sectorial Board of Rice was installed yesterday in the Daule Canton, Guayas province. As part of the Productive and Tax Advisory Council, the aim of the board is to analyze the production, commercialization and financing problems of the...
Posted On 04 Aug 2017
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