logo

Inside Investor

ECUADOR: Correa and the Future of Oil

ECUADOR: Correa and the Future of Oil

Bottom line: Foreign investment, though crucial for improving oil production levels in Ecuador, will remain far below potential for political reasons.

Analysis: On 17 February 2013, President Rafael Correa (Alianza País) was reelected in the first round of voting with 56.93% of the vote. His party is poised to win a majority in the legislature, providing Correa with plenty of political…

oilprice logo