Petroecuador allocates $1.7M for 2022-2024 financial audit

Ecuador's state oil company Petroecuador has contracted a $1.7 million external audit covering financial statements from 2022 to 2024, to be completed over 305 days under IFRS. The move signals a push for financial transparency and may precede bond issuance or restructuring. The audit's findings could affect investor confidence in Ecuador's oil sector.