Corruption in Ecuador / Capaya Case

On June 6 it was revealed that the first oil sale contract between Petroecuador and PetroChina International Co. Ltd. was part of the Mossack Fonseca archives, thanks to the disclose of the Papers of Panama. PetroChina advanced Ecuador $ 1 billion over a two-year term and a 7.25% annual interest. According to the National Audit Office´s report DA3-0015-2012, in this contract the state oil company stopped receiving at least $ 34.45 million.