OREANDA-NEWS. September 21, 2009. Taking a strategic interest in the countries of the Latin America the delegation of JSC “Zarubezhneft” after visiting Cuba made a one-day business trip to the capital of Ecuador Quito where on 30th of July an introduction meeting with the colleagues from the state oil and gas company “Petroecuador” was held. During exchange of views the participants introduced their companies, commented on the main activities and projects and discussed possible ways of cooperation.

As it was noted by the specialists of “Petroecuador”, many oil and gas projects in the country needed serious investments and trustful partners for their successful realization. In opinion of Ecuadorians foreign state companies can become such partners, for example, JSC “Zarubezhneft”.

Several strategic projects were offered and presented to the Russian colleagues. The parties agreed to maintain business contacts and expressed hope for further development of relations.

Possible ways of cooperation in hydrocarbon production at oil fields of the country were discussed between the Russian oilmen and the representatives of the affiliated company of “Petroecuador” – “Petroproduccion” that directly conducts exploration and production of oil and gas.

The participants of the meeting had a short talk and specified the range of the most interesting questions for the mutual consideration and study. In particular, the Ecuadorian experts spoke out of the necessity of using modern technologies in oil and gas production, service and supply contracts.

It was noted in both cases by Russian and Ecuadorian oilmen that meetings and exchange of views were held prior to the visit of the President of Ecuador to Russia which is scheduled for the end of October of this year. It is quite possible that the theme of energy cooperation of the two countries would be subject of discussion of the Presidents of Russia and Ecuador. In this respect it is important that the companies have established business contacts, held introduction discussions and now are able to start studying and working out possible ways of the future cooperation.