Petroecuador contracts $1.7M external audit for 2022-2024 financials

Ecuador's state oil company Petroecuador has hired an external auditor for $1.7 million to review its financial statements for 2022-2024, a process expected to take 305 days. The audit may signal governance concerns or preparation for financing or privatization, but details are limited. The move could affect investor confidence in Ecuador's oil sector.