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The new book of Fernando Villavicencio talks about millions in losses for oil
Posted On 27 Mar 2017
The country would have registered millionaire losses due to a supposed “inefficiency in the management and cases of corruption” in the main hydrocarbon projects of the last years. That is the central thesis of the book The Oil holiday, written by activist Fernando Villavicencio from the clandestinity (as he has an order of preventive custody) and that will be launched next Wednesday.
The book presents 27 cases in which there would have been economic damage to the State, including losses due to renegotiation of participation contracts and the provision of fixed rate services ($ 3 billion); the intermediation of oil delivered to China and Thailand ($ 2.4 billion); a $ 3 increase in production costs at Petroamazonas and Petroproducción fields ($ 4 billion), as well as those already known from del Pacifico and Esmeraldas refineries.
Villavicencio explains that the book “unveils the oil plot that has been woven” around contracts with China and Thailand and that are contained in reports of the National Audit Office, some of them public and others reserved.
A good part of the text is dedicated to the intermediation of crude in operations that were done with Unipec and Petrotailandia. In these, Ecuador would have lost about $ 2 per barrel, after establishing a differential formula that would be detrimental to the country.
The book reports that the Arthur D’Little legal form, hired by Marco Calvopiña (currently under arrest) and Nilsen Arias, EP Petroecuador’s foreign trade manager, certified that the formula included a $ 3 per barrel transportation costs.
