The awarding of the Sacha oil field to the Sinopetrol consortium marks a milestone in the economic policy of Daniel Noboa's government. This decision, defended by the Minister of Energy, Inés Manzano, seeks to guarantee immediate and sustainable income, with a transparent approach aligned with Ecuadorian laws. The initial payment of 1.5 billion dollars will be allocated to health and social assistance, showing a commitment to the country's urgent needs.
The Sacha field, located in the Amazon region, is one of the most important assets for Ecuador, with an average production of 77 thousand barrels per day in 2024. Under the new contract, production is expected to increase to 100 thousand barrels per day and explore new wells, which represents a significant advancement in the efficient management of natural resources. This move reinforces Noboa's government's vision of prioritizing economic development without compromising national sovereignty.
Minister Manzano emphasized that this process is not a privatization, but a strategy to maximize the State's benefits through a public-private collaboration. Unlike previous models that prioritized short-term socialist solutions, this administration has demonstrated that technical and responsible management can generate significant income for the country without resorting to additional debt or affecting fiscal stability.
