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Accords with Venezuela Going Well, Correa

QUITO - The agreements with Venezuela are going extremely well, Ecuadorian President Rafael Correa asserted on Friday, after presenting together with his Venezuelan peer Hugo Chavez a new joint lubricant brand between PDVSA and Petroecuador oil companies.

Correa referred to prospecting for gas 9n the Gulf of Guayaquil and the Puna island, where Vnezuela is assuming all risks. Prospecting only in Puna cost around $25 million, he said

The Ecuadorian president said it was lie that prospecting for gas had stopped, and clarified that it is really difficult to achieve good results in the first well, and we have to continue.

The Refinery in the Pacific is the most important investment in Ecuador's history, also with PDVSA, and we have to thank Venezuela for its solidarity, he said.

Correa recalled that during the energy crisis that we underwent in the middle of 2009, Venezuela donated six million saving light bulbs. We are grateful people, said the Ecuadorian president.

We will continue working to bring Venezuela and Ecuador closer, for this Latin American unity, he asserted.
 
 
 
 
 

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