After the ratification of the compensation payment to the Perenco oil company for violating Public International Law, the Ecuadorian State will propose a payment plan to cover the USD $ 374,373,154.25 million.
This was announced on Tuesday, June 2, by the State Attorney General, Íñigo Salvador. The official said that they remain in talks with the lawyers of this oil company, to propose a payment plan, due to the economic situation that the country is going through.
«We are waiting for the definitive answer from Perenco. We trust that the company takes into account the situation that the Ecuadorian State is going through in terms of its finances, aggravated by the coronavirus pandemic,” he stressed.
He also announced that they will enlist a Repetition Law project, which will be delivered in the coming days before the National Assembly, so that the former officials responsible for this award, against the State, pay this amount.
Among the possible perpetrators, at Salvador’s discretion, would be former President Alfredo Palacio, who proposed Law 42, and former President Rafael Correa, who adopted Executive Decree 662, in 2007; as well as former ministers of state and former assembly members.
Yesterday, Ecuador was notified of the decision issued by the AdHoc Committee of the Arbitration Tribunal, within the framework of the Bilateral Treaty for the Promotion and Protection of Investments between Ecuador and France, on the violation of Public International Law, to the detriment of the Perenco oil company.
In this way, the current Government must assume responsibility for actions and decisions taken by previous administrations, when the State’s participation in oil surpluses was increased from 50% to 99%; In other words, Ecuador unilaterally and illegally increased the State’s utility in Perenco’s participation contracts in Blocks 7 and 21.
Be the first to comment