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: Energy People Activity South America People & Company News

Related Stories

QatarEnergy Enters Uruguay with Shell Deal for Three Offshore Blocks

Eco Atlantic Advances Falklands Offshore Expansion with JHI Deal

Inpex' Ichthys LNG Facility Workers in Australia Set for End of May Strike

Current News

Sercel Nodal Technology Chosen by OGDC for Wireless Seismic Acquisition Project

Weatherford Wins Deepwater Completions Contract off Nigeria

QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure

EnerMech Teams Up with Optilift for Smart Offshore Crane Ops

Subscribe for OE Digital E‑News