Report summaryThe government's preference for state-led investment over foreign or private companies has created a poor business environment, leading to several IOC departures. Investors were forced to convert to unfavourable service contracts with tough fiscal terms and a loss of ownership over produced crude. Contractual and fiscal security is still low, regulations are burdensome and corruption is high. The proximity of oil areas to rainforest and indigenous communities poses significant reputational risk.
This report includes 2 file(s)
- Ecuador risk profile PDF - 682.74 KB 16 Pages, 3 Tables, 6 Figures
- Research methodology country and asset risk.pdf PDF - 251.22 KB