Tag: Ecuador

Ecuador president demands investigation into Correa’s oil projects

Ecuador president demands investigation into Correa’s oil projects

Ecuadorean President Lenin Moreno has instructed the country’s prosecution team to investigate $4.9 billion of oil related infrastructure projects, claimed to have been looted during his leftist predecessor’s tenure. According to Moreno, five projects built during Rafael Correa’s presidency were subject to significant cost overruns, operational failings and non-transparent bidding […]