Luis Fernando Velásquez
Luis Fernando Velásquez is a prominent official in Ecuador's Ministry of Energy and Mines, currently serving as the Undersecretary of Contract Administration. He has been instrumental in the negotiations regarding the direct award of the Sacha oil field concession, emphasizing the significant financial benefits that the Ecuadorian state stands to gain from the deal. Velásquez is known for his expertise in managing contracts and ensuring that the state's interests are prioritized in oil production agreements.
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Recent news mentions
Luis Fernando Velásquez explained the negotiations with the Chinese-Canadian consortium regarding the Sacha oil field concession.
Concesión del campo Sacha: Gobierno asegura que, mientras más crudo se extraiga, el Estado tendrá mayor participación en la producción | Economía | Noticias
Ecuador· 2025-02-28
Luis Fernando Velásquez explains the distribution of oil revenue to the state from the Sacha field.
En 20 años de concesión del campo Sacha el Estado recibiría $ 6.314 millones, esta es la renta y petróleo que le quedará a Ecuador | Economía | NoticiasEcuador· 2025-02-27