Ecuador names Icaza as new oil minister

Ecuador names Icaza as new oil ministerEcuador names Icaza as new oil minister

QUITO (Reuters) – Ecuadorean President Rafael Correa has named chemical engineer Jose Icaza as the Andean nation’s new oil minister, according to a decree published on Monday.

Icaza since November had worked as the manager of state-run oil company Petroamazonas, which oversees the majority of the country’s oil production.

He was named to the post following the resignation of former minister Carlos Pareja. The decree did not offer details as to why Pareja left the post.

Ecuador is the smallest member of OPEC, with a production of around 550,000 barrels per day.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

The article Ecuador names Icaza as new oil minister was originally published at Investing.com - All news.