Ecuador: Candidate Luisa Gonzalez Vows to Revoke Sacha Oil Field Concession - teleSUR English

QUITO (AP) — Ecuadorian social organizations and unions on Thursday rejected the awarding of the country's largest oil field to a Chinese-Canadian consortium and warned they would carry out mobilizations, legal actions and other protest actions.

Ecuador: Candidate Luisa Gonzalez Vows to Revoke Sacha Oil Field Concession - teleSUR English

‘We’ll not hand over Ecuadorians’ resources! This contract was made outside the law,’ the Citizen Revolution leader said. Luisa Gonzalez, the presidential candidate for the Citizen Revolution party, announced that if she becomes Ecuador’s next president, she will revoke the concession contract for the Sacha Field, which was awarded by President Daniel Noboa to Amodaimi-Oil Company S.L. RELATED: Sacha Oil Field Concession is a Theft From the Ecua…

New Stratus Energy Inc. announced on Monday, March 3, 2025 that the consortium of which it is part of one of its subsidiaries reached an agreement for the award by the Ministry of Energy and Mines of Ecuador of the 20-year participation contract for the production and exploration of the Sacha oil field for an initial cash entry bonus of $1.5 billion.

Eloy Osvaldo Proaño The presidential candidate for the Citizen Revolution, Luisa González, announced that, if she reached the presidency, she will reverse the concession contract of Campo Sacha, awarded to the company Amodaimi-Oil Company. Likewise, the Confederation of Indigenous Nationalities of Ecuador (CONAIE) accused the government of far-right Daniel Noboa of having consummated “a theft of the country” with this concession. The government …

The Unidad Nacional de Educadors (UNE) expressed its rejection of the allocation of the Sacha oil field to the Sinopetrol consortium, adding to other social and political sectors that have questioned the decision of the Government. According to UNE, the contract grants 87.5% of the production to the private company, which would represent a loss of approximately $8 billion for the country. The organization noted that these resources could be devo…

The award of Campo Sacha continues to generate reactions. In NotiMundo a Día, Miguel Robalino, an expert in energy and mines, questioned the way the delegation was given to the Chinese-Canadian consortium Sinopetrol and said that in the case of the country’s most productive bloc, they should participate “the best.” The entry “We do not oppose private investment, but the State cannot lose profitability,” says Miguel Robalino first published in NO…