Bogota, Colombia—Faced with fiscal and energy emergencies, the Ecuadorean government has decreed a sudden and surprising opening of its refined fuels market to both domestic and foreign private companies by eliminating import tariffs and abolishing most of the nation’s costly fuel subsidies. Private importers will be able to rent pipelines, port facilities and storage tank infrastructure owned by state-owned Petroecudaor to facilitate deliveries, according to the decree signed by President Lenin Moreno on Wednesday. Tariffs for use of that infrastructure have yet to be determined.
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