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.

Monday, July 28, 2008

LatAm Presidents Meet in Ecuador

Quito, Jul 15 (Prensa Latina) Ecuador"s President Rafael Correa, Nicaragua"s Daniel Ortega and Venezuela"s Hugo Chavez attend Tuesday in Manabi the act for creation of the joint company the Pacific"s petrochemical complex will build.

Ortega, who arrived in this capital Monday as a guest to participate in the creation of the company between state Petroecuador and Petroleos de Venezuela (PDVSA), joins the meeting, initially planned between Correa and Chavez.

The aim of such entity is to construct the South American Pacific"s largest refining and petrochemical plant, to refine 300,000 barrels of oil per day.

According to the official agenda, the Venezuelan statesman is expected to arrive in the air base of the Manabi city of Manta at 08:45 local time (13:45 UTC), where he will be welcomed by his Ecuadorian and Nicaraguan counterparts.

The three statesmen will later move to El Aromo locality, where Correa and Chavez will ink the act of such company and open the environmental monitoring center of the refining and petrochemical complex.

At the end of this encounter, the heads of State will speak and sign the act.

Petroecuador will grant 51 percent of the capital and PDVSA 49 percent to build what will be the largest petrochemical complex of the South American Pacific zone.

Other activities include visiting the environmental monitoring center, where they will unveil a commemorative plaque and sow trees in the yard of the facility, to reiterate their commitment to the environment.

This will be another opportunity for the Nicaraguan governor to examine issues of common interest like regional integration, the struggle of our peoples and other international affairs.

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