It operates three divisions:
Petroecuador is charged with managing the operation of the Trans-Ecuadorian oil pipeline network, Sistema de Oleoducto Transecuatoriano or SOTE, built in 1972 for Texaco-Gulf.
Petroecuador has been the subject of controversy over the impact of exploration and pipeline operations on the environment and Huaorani and Cofan indigenous peoples within the Amazon basin in Ecuador's Oriente (eastern) region, where oil drilling operations take place in previously roadless rainforest. Advocacy groups such as Amazon Watch and ChevronToxico have attempted to document the oil spills, ecological damage and human impacts of these operations.
In response to these reports, a class-action lawsuit was initiated against ChevronTexaco in the U.S. over their involvement in these operations. A U.S. court ruled the case should be heard in Ecuador. A new action was begun in Ecuador in 2003. That case is currently before the Ecuadorean courts. In March 2007 Chevron issued a statement saying it would not settle the suit.
Texaco's statement on the class action suit link
Petroecuador owns three petroleum refineries in Ecuador. Capacity is expected to increase due to the increasing demand in Ecuador and the U.S. (Eucuador is the second largest exporter of oil products of South America to the U.S.).
Refineries in Ecuador:
Esmeraldas Refinery (Petroecuador), 110,000 bpd (start-up 1978)
La Libertad Refinery (Petroecuador), 45,000 bbl/d (7,200 m³/d)
Shushufindi Refinery (Petroecuador), 20,000 bbl/d (3,200 m³/d)
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