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 ...
01JUL25 - SOUTHCOM’s TMPI: Towards Integrated Deterrence in the Americas by Building Maintenance Capacity- #ECUADOR - "Analyzing Ecuador’s foreign policy trajectory over the past two decades is pertinent to illuminating the region’s evolving political and security landscape. During President Rafael Correa’s administration between 2007 and 2017, Ecuador pivoted by severing its military relations with the US.
This comprehensive shift included ordering the closure of the security cooperation office in the US Embassy and honoring but not renewing the lease term for the Manta Air Base, causing the withdrawal of approximately 300 US military personnel stationed there.
However, this period of strained relations was followed by the re-establishment of the Office of Security Cooperation (OSC) in 2018, signaling a potential shift that ultimately materialized with new military cooperation agreements signed with the US in 2023 under President Lasso and ratified in 2024 by President Daniel Noboa. ...
25JUN25 "Ecuadorian President Daniel Noboa announced this Thursday the capture of Adolfo Macías Villamar, alias "Fito ," considered the leader of the Los Choneros organized crime group.
"For those who opposed and doubted the need for the Solidarity and Intelligence laws : thanks to those laws, Fito was captured today and is in the hands of the Security Bloc," the president posted on the social network X.
"We have done our part to proceed with Fito's extradition to the United States , and we await your response. Have a good afternoon, Ecuador," Noboa added.
The criminal leader had been on the run for over a year and a half , after escaping from the Guayaquil Regional Prison and hiding his tracks while the country was engulfed in a spiral of violence, culminating in the brief takeover of a television station.
'Fito,' who was serving a 34-year sentence for organized crime, drug trafficking, and murder , escaped on January 7, 2024, as he was about to be transferred to La Roca, a ...
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