QUITO – The president of Ecuadorian state oil firm Petroecuador, retired Vice Adm. Manuel Zapater, has resigned, the company said.
His replacement, Marco Calvopiña, who had been the company’s refinery operations chief, was sworn in on Wednesday by Non-Renewable Natural Resources Minister Wilson Pastor, a Petroecuador spokesperson told Efe.
There was no immediate word on why Zapater, who had served as Petroecuador’s chief since March 2010, decided to step down.
The retired admiral had been appointed to his post after a year in which President Rafael Correa had given the Ecuadorian navy the task of reorganizing the state oil firm.
Petroecuador’s output has increased over the past year and reached 149,575 barrels per day last Thursday, compared with maximum one-day production in 2010 of 144,000 bpd.
That Jan. 13 result was the company’s highest one-day output total since 2009.
Petroecuador’s exploration and production manager, Dalton Muñoz, said last week that the company’s goal for this year is to attain daily average oil output of 150,000 barrels.
Oil is Ecuador’s leading export and finances around 25 percent of the government’s budget. EFE