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Ecuador starts to privatize: President Lasso accelerates the sale of 45 Petroecuador service stations

Guillermo Lasso's administration is committed to fiscal discipline and the limitation of the “entrepreneurial state” in Ecuador, a function that has been poorly performed throughout the country's history.

The implementation of the privatization of 45 service stations that correspond to the enigmatic state company Petroecuador, which monopolizes most of the operations in the domestic hydrocarbon market since 1971, under various administrative forms that have changed over time.

The denationalization of hydrocarbons . . .

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