Three ways to make oil attractive

Image: Expreso

Ecuador needs large amounts of resources and the private sector is the most convenient route. In strategic sectors, for example, the government could not concentrate on state enterprises.

This year, according to the investment plan of the Coordinating Ministry of Strategic Sectors, there are 21 major oil projects. The expected investment is 17,000 million dollars.

What works are listed? The construction of oil pipelines, oil polyducts and the award of oil fields. To get private capital, authorities designed three new strategies.

The first is to rethink the contract models. The XIth Oil Bidding Round, to be held between July and August, seeks to award at least 13 fields in southeastern Ecuador. An attempt that failed in 2012.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8846768&idcat=38229&tipo=2