“It has always been a mystery to most of us why Latin America has developed so differently from the United States and Canada. For a while it appeared that our southern neighbors were beginning to catch up to the notion of participatory government (plenty of elections) and the economies of some were really starting to look healthy.”
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“Ecuador, the smallest member of the Organization of Petroleum Exporting Countries, will increase crude output next year, ending three years of declines, President Rafael Correa said.”
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“Ecuador and China will form a joint venture to develop an oil bloc in the South American country that has proven reserves of 120 million barrels of crude, an Ecuadoran official said Wednesday.”
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“Ecuador’s President Rafael Correa has defended his populist credentials, saying he is a people’s president fighting against the status quo.”
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“A summit intended to help save the Amazon rainforest has ended in Brazil without forging a common agenda on deforestation.”
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“ElectroPeru’s General Manager, Raul Tengan, has confirmed that according to the terms of the agreement signed between Peru and Ecuador, Peru will export its excess energy until April 31st.”
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“Mongabay: A summit between South American leaders to devise a plan to save the Amazon, failed to come up with a “common stance” on deforestation, as five of the eight invited leaders failed to show up to the meeting, reports Al Jazeera.”
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“Sinopec International Petroleum, a subsidiary of China Petroleum & Chemical Corporation (Sinopec) (NYSE:SNP, 600028.SH, 0386.HK), intends to invest between $1 billion and $1.1 billion to set up a joint venture to explore an Ecuadorian oil field with state-owned Petroecuador, ce.cn reported November 26.”
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