Petroecuador Names Ramon Correa as New General Manager

Wednesday, April 12, 2023

The board of directors of Ecuador's state-owned oil company Petroecuador on Tuesday named Ramon Correa, an engineer, as general manager following recent management changes in the wake of a corruption investigation.

Correa replaces Maria Elisa Soledispa, who was appointed the interim head of Petroecuador following the resignation of former chief Hugo Aguiar, who stepped down after his home was searched by the attorney general's office in a corruption probe.

Ecuador's President Guillermo Lasso asked managers of public companies - including Petroecuador - to vacate their positions in January amid reports of possible corruption in some entities. 

While Petroecuador's board confirmed Aguiar in his post on Feb. 2, he stood down a week later following the raid on his home.

Prosecutors also targeted Petroecuador's offices in raids last year, after receiving information from U.S. authorities about a case involving a former company official. 

Ecuador's former energy minister resigned amid a separate investigation into bribery accusations, which he denies.

Lasso himself faces impeachment hearings over accusations by opposition politicians of graft, including irregularities in a crude oil shipping contract, something the president strongly denies. 


 (Reporting by Alexandra Valencia; Writing by Oliver Griffin; Editing by Christian Schmollinger and Jamie Freed)

Categories: People & Company News Energy People Activity South America

Related Stories

Mandatory Turbine Upgrade Mandate Upsets Wind Industry

Expro Teams Up with Petrobras for New Well Flowmeter Tech

Kongsberg to Work on Six Hybrid CMM's PSVs Bound for Petrobras Ops

Current News

ASN to Supply Equipment for UK CCUS Project

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Ulstein Verft Commences outfitting for CSOV

Oil Climbs After US Crude Stocks Fall

Subscribe for OE Digital E‑News