US EditionGovernment Renegotiated Oil Contract with Investment of Usd 36 Million and Better Conditions for the State
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The renegotiation of the contract of block 14 allows to extend its validity until 2040, attract new investments and allocate resources to exploration, production and social programs in the Amazon to Ecuadorian.
The agreement was signed on January 7 through the Ministry of Environment and Energy (MAE) and will allow the extension of the contractual term until the year 2040 of block 14, located in the province of Orellana and operated by the company PetroOriental S.A., of Chinese origin.
PetroOriental is committed to investing USD 36 million up to 2040 in block 14, located in the Amazon province of Orellana. Ecuador’s Ministry of Environment and Energy (MAE) signed on January 7, 2026 with the Chinese oil companyPetroOriental the renegotiation of the contract of operation of block 14, located in
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