• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
This is how Quaker oats are made, a product that has been in Ecuador for several decades
Economy in 2024: stagnant, without the ITT and with a mining sector in decline
Bird flu detected in dead birds in Galapagos
El Niño phenomenon: alert status changes from yellow to orange in Ecuador
The United States is the first destination for Ecuadorian organic bananas
Ecuador incorporates 65 thousand new hectares of forest under conservation
Foreign Ministry must rent 59 premises abroad so that 390,000 migrants can vote
Italian mafia has ‘interests’ in Ecuador and other countries in the region
Ecuadorians have fewer children; 600,000 fewer babies than expected since 2010
Memorandum between the US and Ecuador has 169 objectives to strengthen security

Comptroller’s Office: Refinería del Pacífico required an investment of $ 1,528 million in ‘useless infrastructure’

Posted On 15 May 2021

The  State Comptroller’s Office  determined that in the Rafael Correa government   $ 1,528 million were invested in  “useless infrastructure”  in what was the construction of the  Pacific Refinery , in El Aromo (Manabí).

Comptroller’s Office: Refinería del Pacífico required an investment of $ 1,528 million in ‘useless infrastructure’

 

Following this report, approved in October 2020, a gloss of $ 1,223 million would have been predetermined.

Although the Comptroller’s Office keeps the predetermination of glosses in reserve, those observed are senior former officials of the previous government. Among them the former vice president Jorge Glas, Pedro Merizalde, Carlos Pareja Yannuzzelli, Washington Andrade, Álex Bravo, the company of Petróleos de Venezuela (PDVSA) who held positions related to strategic sectors.

They have 60 days to appeal this predetermination of glosses.

Glas was at that time in charge of leading the strategic sectors and the Refinery’s board of directors. But it had not been able to integrate a third strategic and financial partner to provide resources to finish the construction of the refinery,  which is valued at $ 10 billion.

One of the partners was the Venezuelan state company Petróleos (PDVSA), which had not been required to fulfill its contributions as a partner that owns 49% of the shares.

For this reason, the Ecuadorian public company  Petroecuador  had disbursed resources that exceeded five times the amount of the authorized capital. In total, according to the public resources control body,  Petroecuador contributed $ 773’768,642, compared to PDVSA, which gave $ 13’789,870.

In total, “resources for about $ 1,000 million were transferred, which until 2017 were recorded as accounts payable to shareholders,” the report said.

The audit observed that works were carried out on the land such as access roads, housing camp, preparation of the implantation site, visualization phases, conceptual engineering and basic engineering.

https://www.eluniverso.com/noticias/politica/contraloria-refineria-del-pacifico-requirio-una-inversion-de-1528-millones-en-infraestructura-inutil-nota/

About the Author
  • google-share
Previous Story

Guillermo Lasso and Alfredo Borrero are officially the new President and Vice President, after the announcement of final results

Next Story

Guillermo Lasso’s government will be the eighth administration served by Ivonne Baki

SEARCH

LATEST NEWS

This is how Quaker oats are made, a product that has been in Ecuador for several decades

Posted On 22 Sep 2023

Economy in 2024: stagnant, without the ITT and with a mining sector in decline

Posted On 20 Sep 2023

Bird flu detected in dead birds in Galapagos

Posted On 20 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net