EP Petroecuador and Astinave EP sign inter-institutional cooperation framework agreement

Petroecuador statement

This is an automated translation of the original press release issued in Spanish

On June 15, EP Petroecuador and the Ecuadorian Naval Shipyard Public Company (Astinave EP), signed a Framework Agreement for Inter-institutional Cooperation, which will last for 10 years and whose objective is to establish mutual cooperation actions between the two institutions. for the execution of projects that will benefit the country.

The signing was attended by the General Manager of EP Petroecuador, Ítalo Cedeño; the General Manager of Astinave EP, Byron Machuca; the President of the Board of Directors of the Coordinating Company of Public Companies (EMCO), Hernán Luque, as witness of honor, as well as representatives of both companies.

In this regard, the General Manager of EP Petroecuador, Ítalo Cedeño, stated that " this is a win and win, in a long-term relationship of 10 years, we will form technical teams to work together, to identify which specific projects we can take advantage of, such as the expansion of the Amistad platform, in the Gulf of Guayaquil, or the necessary work on the piles of the Monteverde Maritime Terminal, in Santa Elena» .

The General Manager of Astinave EP, Byron Machuca, stated: “ signing this agreement is a great challenge, which gives us the opportunity for our high-level engineers to put their knowledge into practice. We have visited the Monteverde Maritime Terminal, we reviewed the issue of the piles and we will do our best, just as we did with other State institutions» .

The Chairman of the Board of Directors of EMCO, Hernán Luque, who participated as a witness of honor, highlighted that “this agreement is an example of how state companies help each other and that requires a lot of dialogue; alliances serve for the benefit of the country and I am sure that it will be so with you, as professionals with vast experience and who are leading two important companies for the country» .

In order to implement this framework agreement, the two public companies will form work teams to manage different initiatives, according to the competencies of each one. This agreement will allow the strengthening of the Ecuadorian State, through the generation of resources that promote sources of employment and thus contribute to the economic development of the country.