The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Wednesday, January 17, 2007

Venez-Ecuador Sign Energy Agreement

Quito, Jan 16 (Prensa Latina) Presidents Hugo Chavez (Venezuela) and Rafael Correa (Ecuador) signed nine documents on Tuesday in the context of an energy agreement to be boosted by the Venezuelan Oil Company (PDVSA) and Petroecuador.

Foreign Relations and Energy ministers of both nations attended the ceremony held in Ecuador s Carondelet Palace to promote the exchange of hydrocarbon derivatives during the coming four years, and the creation of new refineries in Ecuador, part of the intent to strengthen cooperation on common issues.

Ecuador, classifying as the fifth oil producer in South America, intends to reduce imports of the derivatives it requires to supply its internal market.

Chavez, in Quito for the inauguration of President Rafael Correa, ratified his willingness to materialize the energy project at minor cost.

Ecuador and Venezuela have entered a new stage in bilateral relations; it is a new stage, a new era in an epoch change, the Venezuelan president highlighted after announcing the celebration of the first joint meeting in Quito.

Correa has said it, we are going to give shape to our awareness, we are all a single nation, so referring to a Community of Nations is the first big mistake, we are all a single nation which was divided into Republics, Chavez emphasized.

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