|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Ecuador (Click here for more)

Correa Pushing Ecuador Cooperation with Russia

MOSCOW – Ecuadorian President Rafael Correa on Tuesday made a definite push for cooperation with Russia in energy matters and in other strategic sectors.

“Very important things have been settled” for Ecuador, Correa said of his second visit to Russia in four years.

Correa and Russian leader Vladimir Putin presided at the signing of several energy and transportation accords, along with several letters of intent.

Among the firm agreements is one for a $230 million loan from three Russian banks to finance the construction of a gas turbogenerator for the Termogas Machala thermo-electric center.

A pair of possible projects “would allow the rice harvest to move from one per year to 2.5 annually, something that’s key for bringing our rural sector out of poverty,” Correa said.

In addition, a protocol of intent was signed with Russia’s state railway consortium regarding the creation of a rail network linking Quito with Ecuador’s four main seaports.

“The size of the project cannot be specifically determined because the feasibility studies are still being made,” Correa said.

The president expressed optimism about the possibility that Russian energy giant Gazprom will finally decide to exploit natural gas in the Gulf of Guayaquil.

He also emphasized the growing bilateral trade with Russia, which is the third-biggest customer for Ecuador’s non-petroleum exports.

“We come into Russia with bananas, roses and trucks, and soon we’ll do it with satellites,” Correa quipped before emphasizing the need to receive “technology transfer” from Russia so that Ecuador can “sell products with greater value added.”


 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved