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 ...
12OCT25 NEW Smart Casa🏠En Venta #EcuadorReport 3BR 2Bath 125m2 on a 100m2 Lote in Tababela #Quito✈️5 minutes Near to the #UIO🎒Quito International Airport for $79,950. (Nego)📉by JJinEcu🤠
MON 06OCT25 #ParoDay15#Ecuador #ParoNacional2025 #PUYO The community of Puyo, today marched against the government of Daniel Noboa. Strong repression and arrogance of the authorities is causing more and more sectors to join the National Unemployment protests. Today marks 15 days of protests." -
SUN 05OCT25 (11:03) #ParoDay14 #Quito #Ecuador Pres Noboa: "No one can come and take by force the capital of all Ecuadorians.
To those who choose violence, the law awaits them. To those who act like criminals, they will be treated as criminals.
We continue doing what is our duty: we will be in Pastaza tomorrow, together with those who truly build the country, helping those who need it most to produce more and get ahead." - (1/2)
"While some want to stop Ecuador, we propel it forward.
We will reduce the VAT to 8% during the holidays of October 9, and November 2 and 3, because this country is not going to grind to a halt because of a few who lost the business of smuggling and illegal mining.
To boost the local economy, on November 14 we will pay the thirteenth salary to public employees,
so families will have more money during Black Friday and Cyber Monday. We invite the private sector to join this initiative." - (2/2)
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