AP – Ecuador announces $1.7 billion oil production investment
Ecuador’s energy minister says U.S. and Argentine companies are investing nearly $1.7 billion to boost production in the country’s two main oil fields by 40,000 barrels a day.

Ecuador’s energy minister says U.S. and Argentine companies are investing nearly $1.7 billion to boost production in the country’s two main oil fields by 40,000 barrels a day.
Organizations like the Inter American Press Association, the World Association of Newspapers and News Publishers and Reporters Without Borders have asked President Correa to stop his assault on journalists and the media, like that facing the newspaper El Universo, which could set a dangerous precedent. Publications like The New York Times, Washington Post, Spain’s El País, El Espectador in Colombia, and La Nación in Argentina have also questioned Correa’s actions. Even Ecuador’s previous presidents have asked that Correa respect freedom of expression.
President Rafael Correa of Ecuador is leading a relentless campaign against free speech, harassing his critics, forcing independent broadcasters off the air and hijacking the nation’s courts in his bid to bankrupt the country’s largest newspaper.
Reporters are frequently assassinated in Mexico, and a populist government in Venezuela has driven some journalists into exile. But press freedom advocates say that no other country in Latin America is moving so fast and on so many fronts to restrain the media as tiny, banana-producing Ecuador.
President Rafael Correa, an American-educated leftist economist who has forged close alliances with Cuba and Iran, has filed a defamation lawsuit that might put the three directors of the country’s largest newspaper in jail and shutter their 90-year-old paper. The government has cobbled together a framework of laws and constitutional reforms to limit press independence, free expression groups say, while building a media conglomerate to disparage critics and counter independent media reports.
Since taking office in 2007, Ecuador’s President Rafael Correa has been in a war of words with the media in his country. He’s used archaic libel laws to pursue criminal charges against the owners of El Universo and a columnist at the newspaper. His government has pushed through a law that severely restricts the media’s ability to cover political campaigns and elections; indeed, it goes so far as to ban any media reports that can benefit or hurt a candidate. And now he’s set his sights on international media observers.
Ecuador’s national assembly has approved changes to its laws, as requested by the president, Rafael Correa, that prohibit the news media from reporting on election candidates.
Journalists claim the reformed “democracy code” amounts to censorship, preventing the essential publication of political information.
It’s hard to believe that this would happen today in a largely democratic region, but the beginning of 2012 finds much of Latin America suffering the worst wave of press censorship since the rightist military dictatorships of the 1970s.Like never before in recent history, elected presidents who already control their congresses and judicial systems are trying to silence independent media. If they succeed, as they seem to be doing, they will have a de facto license to steal — both money and elections — without any effective legislative or media scrutiny.
Around 26 tons of cocaine have been seized in Ecuador since the turn of the year, Prensa Latina reports. For comparison, in 2010 the country has found and confiscated 18 tons of drugs. However, it is for 2009 to break the record with 68 tons of drugs, some 64 tons of which was cocaine. Some 4,158 people were arrested for drug trafficking and distribution.