In the News

November 2017, Vol. 244, No. 11

‘Open-Minded’ Ecuador to Offer Oil Production Blocks Ecuadoran Minister of Hydocarbons Carlos Perez told an audience at Rice University’s Baker Institute his nation is “back to stability” and ready to offer new incentives to oil producers who are ready to ready to invest. “The new president wants to change perception,” Perez said on Nov. 6. “He wants to be more open-minded.” As part of that effort, Perez said Ecuador will offer oil exploration and production blocks, in January, under conditions designed to “attract more interest,” while allowing the country to compete more successfully with neighboring…

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