How bilatral relations between Ecuador with south korea
Ecuadorian President Rafael Correa expressed his interest in visiting South Korea in the second week of next September with the aim of strengthening bilateral ties and to identify funding for the construction of a petrochemical complex in the country. The announcement was made Thursday’s deputy foreign minister of Ecuador, Lau taro Pogo, during a meeting held in Quito with his South Korean counterpart, Shin Kak-Soo, who delivered an official note in which Correa expressed interest to visit Seoul, accurate a Foreign Ministry statement.
Deputy Foreign Minister referred, in particular, the possible funding for the construction of the Refinery of the Pacific “, a petrochemical complex being carried out by the state oil companies of Ecuador and Venezuela (Petroecuador and PDVSA, respectively).
The industry plans to build a section of the Mumbai province on the Ecuadorian coast, with an estimated investment of 12,000 million dollars, whose studies are in charge of South Korea’s SK Engineering and Construction Co. Ltd.
In this regard, South Korean Deputy Foreign Minister reiterated that the state-run Korea Electric Power Corporation (KEPCO) is also interested in investing in Ecuador and support the government in Quito on various projects.
Shin Kak-soo stressed that Ecuador with the opening of an office of the Agency of Korea International Cooperation Agency (KOICA), “seeks further developing the themes of economic and technical cooperation”, both reimbursable and non-refundable.
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