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Quito, Ecuador

Ecuador

Status
Yet to be assessed
Joined
15 October 2020

Overview and role of the EITI

Ecuador was admitted as an EITI implementing country in October 2020. The government aims to use the EITI platform to strengthen the governance of state-owned extractive companies and to support the improvement of legal frameworks regulating the sector. By building standards of transparency and accountability, EITI implementation will also help to promote investments in Ecuador's extractive sector and strengthen domestic resource mobilisation.

While Ecuador has made progress in the publication of data on the hydrocarbons sector, there are still asymmetries between the extractive companies, the public sector and citizens in accessing information. For instance, data on the administration of the extractive industries must be contextualised and consolidated in an accessible, open and usable format for all stakeholders.

Economic contribution of the extractive industries 

37.9%
to exports 
9.3%
to GDP
27.1%
to government revenues
0.4%
to employment 

I reaffirm the relevance and need for this nation to be part of this global standard of transparency, which is why we are moving forward with full determination towards its implementation, and with the purpose of successfully achieving our objectives.

Fernando L. Benalcázar Former Vice Minister of Mines, Ecuador

Extractive sector management

Licenses and contracts

Oil and gas exploration, exploitation and production licenses are granted through a bidding process and awarded by the Ministry of Energy and Non-Renewable Natural Resources. The regularisation of hydrocarbon activities is carried out through the execution of contracts between the government and qualified companies.

Regarding mining rights, the government may delegate its participation in the mining sector to mining companies in which it has a majority interest or to private companies, in accordance with the Mining Law. The Mining Law (Article 17) recognises mining rights as those arising from mining concession titles, mining exploitation contracts, licenses and permits, as well as from authorisations to install and operate processing, smelting and refining plants, and from marketing licenses.

Several mining and oil and gas contracts are disclosed via the EITI Ecuador website and resourcecontracts.org.


EITI implementation

Governance

EITI Ecuador is administered by the Multi-Stakeholder Group (MSG). The MSG is hosted by the Ministry of Energy and Non-Renewable Natural Resources and chaired by the Vice-Minister of Mines, Xavier Vera Grunauer.

Timeline


Key documents


Contacts