• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
The pandemic hid cases of trafficking, but did not stop them
Ecuadorian bananas will have a 1% annual tax reduction in China
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control
Ecuador imported the historic figure of USD 7,646 million in fuels

The Ministry of Finance obtained liquidity from two state oil companies

Posted On 08 Jun 2016

 

petroam<onA-ECUADORTIMES

Approximately $ 2,000 million of anticipated resources and loans granted since 2014 by the state enterprises Petroamazonas and Petroecuador served to inject liquidity to the Ministry of Finance.

The operations are backed by agreements of liquidity management signed between the government and the two oil companies. These agreements allow the the money obtained by these public companies in the international market through loans or advances, go directly to the Ministry of Finance for its management. Then, this portfolio of State returns these resources to the oil companies, but in installments.

Although the content of these agreements are not public, the 2015 financial statement of Petroecuador, which is published on its website, proves its existence.

 

Source: http://www.elcomercio.com/actualidad/ministeriofinanzas-liquidez-petroleras-creditos-petroamazonas.html

 

 

About the Author
  • google-share
Previous Story

Contract allows Petroecuador to sell oil anywhere

Next Story

Ecuador drew 2-2 against Peru and will seek qualification against Haiti

SEARCH

LATEST NEWS

The pandemic hid cases of trafficking, but did not stop them

Posted On 30 Jan 2023

Ecuadorian bananas will have a 1% annual tax reduction in China

Posted On 30 Jan 2023

Ecuador will sell animal feed to Colombia because of landslide

Posted On 27 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net