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  HOME | Ecuador (Click here for more)

Ecuador’s Correa Cites Qatar’s Interest in Petrochemical, Gas Sectors

DOHA – Qatar has “a strong interest in investing in the petrochemicals and gas sectors” in Ecuador, Ecuadorian president Rafael Correa said on Wednesday in the Qatari capital, Doha, where he was on an official visit.

Correa told reporters that his country is in a position to offer “great investment opportunities and cooperation,” in those sectors.

He noted that the Qatar Petroleum Company is interested in investing in mining and petrochemical projects in Ecuador and revealed that had been given “two firm pledges on oil projects.”

Three bilateral agreements are also scheduled to be signed during Correa’s meeting with the Qatar’s emir, Tamim bin Hamad Al Thani.

One of the agreements covers the communication exchange between Ecuadorean Ministry of Communication and Qatar’s Al Jazeera television.

The second is an accord that seeks to stimulate investment; and the third agreement affects visas to facilitate tourism, according to Correa.

“This visit is already yielding the desired results. It is deepening and strengthening relations between the two countries,” the Ecuadorian president said.

Attracting investment is the main objective of the visit by Correa, who was accompanied by various members of his cabinet, including Strategic Sectors Minister Rafael Poveda, and group of business executives.

The Ecuadorian president arrived on Tuesday in Doha, where he was greeted at the airport by Qatari Foreign Minister Khaled Mohamed al Atiya.

During the presidential visit, which is set to end on Thursday, Ecuadorian businessmen will hold meetings with their Qatari counterparts to discuss ways of boosting economic cooperation.

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