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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
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“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Ecuador signs memorandum with Russian oil company

Posted On 21 Dec 2014

File photo shows an oil refinery of Russian state-controlled oil giant Rosneft at night near the Siberian town of StrezhevoyThe Coordinating Minister for Strategic Sectors of Ecuador, Rafael Poveda, and the representative in Latin America of the Russian State Oil Company, Rosneft, Mikail Hrafinin, signed a memorandum of understanding to seek investment in the hydrocarbons sector in Ecuador.

“This is a strategic and complementary partnership of Russia and Ecuador, we have the willingness and political will to work with Russia and Rosneft,” said Poveda.

The Russian Ambassador to Ecuador, Yan Burliay, said “the world’s largest oil extraction company” comes to the Andean country “to share experiences and see the possibility of mutual cooperation.”

In the reunion, the Ecuadorian Leonardo Arizaga and Russian Sergei Ryabkov agreed to perform in the first quarter of next year the Third Meeting of the Ecuadorian-Russian Intergovernmental Commission on Economic and Trade Cooperation.

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