Gas distribution firms operating in the country have been asked to renegotiate their current supply contracts "based on the new macroeconomic conditions."
A new BNamericas report suggests that Ecuadoran authorities are in the midst of a transformation in the oil and gas sector that will favor private participation.
The shipbuilders' association, however, is skeptical the increase to some US$1.8bn will be approved.
Petroecuador will import 1,680,000 barrels of Cutter Stock
Total Closes the acquisition of Engie's Upstream LNG Business And Becomes World #2 LNG Player
Frontera Announces $377 Million in Transportation Cost Savings and Other Transportation Related Events
Year to date, the country's hydrocarbons commission has granted six surface survey and exploration authorizations.