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Investment & Legal Framework
AIHE
(Hydrocarbon Industry Association
of Ecuador)
Jose Luis Ziritt
Executive President
Av. Amazonas N37-102 and UNP
Puerta del Sol building, 8th floor, Quito
Tel: +593 2 226 1270 / 226 1271
aihe@aihe.org.ec
www.aihe.org.ec
Activity: Hydrocarbon Industry Association
of Ecuador
AIHE is an abbreviation for the Hydrocarbon Industry
Association of Ecuador, a nonprofit organization
established within the legal framework of the Republic
of Ecuador. It brings together companies specialized in:
• Exploration, production and transportation
of hydrocarbons.
• Sales of fuels, derivatives and lubricants.
• Oilfield Services to the Industry.
The association is formed by 17 companies that all to-
gether represent 85% of the market. It represents only
the biggest companies within the sector and the only
way to become a member of AIHE is by invitation. Mem-
ber companies are divided into 3 main groups depend-
ing on their core activity.
• Upstream: AGIP Oil Ecuador, Andes Petroleum
Ecuador Ltd., Ivanhoe Energy Ecuador Inc., OCP
Ecuador SA, Repsol YPF and Tecpetrol.
• Downstream: ExxonMobil Ecuador Cía. Ltd.,
Terpel, Primax SA.
• Oil Services: Halliburton, Sertecpet, Schlumberger,
Tenaris.
Currently and after the process of contract renegotiation
was finished between different companies and there
are petrol deposits that still have to be explored, there
are interesting opportunities both for state companies
since they do not need to participate in tenders and
for smaller companies interested in exploring marginal
fields.
“The new service agreement between oil companies
and the state is unique in the world. Most companies
have decided to stay in the country being positive for
both. With this framework the oil companies can invest
in the country and do business, that is what interests
them.”
Eng. Jose Luís Ziritt
President of AIHE
of Industry to form the National Federation
of Chambers of Industry of Ecuador (FCI), in
implementing the Integrated Management System in
Occupational Health and Safety to reduce risks and
negative effects of industrial activities on the health
of workers and the environment.
THE GUAYAQUIL CHAMBER OF
COMMERCE
Dr. Eduardo Peña Hurtado
President
Avenida Francisco de Orellana and
Victor H. Sicouret
Tel: +593 4 268 2771
info@lacamara.com
www.lacamara.com
Activity: Chamber of Commerce of Guayaquil
Date of creation: 1889
Member companies: 14000
Thanks to information, training, consulting and services
offered, the Guayaquil Chamber of Commerce has
become a strategic business partner of its members,
affirming that “SER SOCIO ES UN BUEN NEGOCIO”,
which means “to be a member is a good business”.
The Guayaquil Chamber of Commerce is a private
independent non-profit organization, headquartered in
Guayaquil and aimed at promoting trade development,
as well as other sources of business and wealth,
striving to help its members to achieve desired levels of
prosperity, providing support in developing cooperation
activities and achieving social, economic and cultural
goals of the region.
Initially, it was born as a private sector union, being the
third chamber of commerce established in the South
America. In 1909, it expanded to the “Chamber of
Commerce and Agriculture”, in 1934 - the “Chamber
of Commerce, Agriculture and Industry” and in 1938
became known as the “Chamber of Commerce of
Guayaquil.”
The Guayaquil Chamber of Commerce is the most
representative chamber of commerce in the country
with 14000 companies, 56% of which are small and
medium-sized businesses.
For over a century, business has grown in the region
along with this institution, making it possible to promote
trade, create wealth and productive employment,
thereby contributing to the social development of
Ecuador.