Oilfield Technology, Thursday, 29 July 2021- 12:30-
'Ecuador defaults on debt to Perenco-
"Perenco Ecuador Ltd. has said that the Ecuadorian government has failed to pay the amount it owes to Perenco for having expropriated Perenco’s investment more than a decade ago.
Over 10 years ago, Ecuador imposed a law to take an additional participation in Perenco’s oil production from Blocks 7 and 21, seized Perenco’s oil production and took over the blocks.
On 27 September 2019, an international arbitration tribunal constituted under the France-Ecuador Bilateral Investment Treaty and the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID)
issued a Final Award holding that Ecuador had violated international law and its participation contracts with Perenco. The tribunal awarded Perenco substantial compensation. In May 2021, an ICSID annulment committee rejected Ecuador’s attempt to annul the entire award and confirmed that Ecuador owes Perenco a net amount of US$391 million.
Under Article 53 of the ICSID Convention, the award is immediately enforceable in more than 150 countries. Ecuador’s Minister of Economy and Finance made a specific undertaking to the ICSID committee on behalf of the State that Ecuador would pay the Award “unconditionally, voluntarily and in full, within 60 days” of the issuance of the ICSID annulment committee’s decision.
That 60-day period has now expired, meaning that Ecuador is therefore now in full default on its obligations under the Award, the ICSID Convention and its own undertaking....." -
🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
(there will be no significant improvement in Ecu until this addressed and resolved once and for all, very similar issues up NA way too, Ecu mini state likes to monkey see monkey doo big brother brothel USSA in so many ways:) 03DEC25- #Ecuador ⚖ 'Life imprisonment! For corrupt judges & lawyers- "...So, let's use the same logic with my "buddies." If as a lawyer you are found guilty of having bribed a judge or prosecutor or you are that judge or prosecutor bribed, it is impossible for us to think that it is coherent that we can once again entrust them with their participation in the system of administration of justice.
A corrupt judge, lawyer or prosecutor must be banned for life from practicing the profession. Let them go out to sweep streets or pass cafes, but in this profession they cannot participate again. Because without Justice there is no State and they have made sure that Ecuador is a failed State.
But I am more radical: I propose that the perpetual inability to practice the profession ...
SUN 23NOV25 The #EcuadorReport Giving Thanks to the Entire Crew at KAT-BAS Club de Tiro #Quito Gun Club - 'Nobody is Coming to Save You!'🦃Have a Happy Thanksgiving 2025🎩-
13NOV25 📑#Ecuador
"There is an agreement between the US and Ecuador on reciprocal tariffs, driven by President Donald Trump and President Noboa.
The United States announced the elimination of reciprocal tariffs for certain Ecuadorian exports, following the conclusion of a new agreement promoted by President Donald Trump and President Daniel Noboa.
The understanding incorporates chapters of trade, work, environment and security, with the aim of providing greater competitiveness and relief to the export sector of Ecuador.
The Minister of Production and Foreign Trade, Luis Jaramillo, stressed that this framework "will lay the foundations of trade, economic and national security relations", emphasizing that the agreement marks a decisive step to deepen cooperation between the two countries.
According to the Ecuadorian Government, the measure will allow to expand opportunities for domestic products and strengthen the bilateral agenda in strategic areas for development and security." -
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