March 11, 2020
Ecuadorian President Lenín Moreno appointed René Ortiz Durán as the new energy minister on Monday, the same day oil prices took a dive as Saudi Arabia and Russia differed over production cuts.
Ortiz replaces José Agusto Briones, who stepped down for health reasons, according to a statement from the president's office.
Ortiz previously served as energy minister during the administration of former President Jamil Mahuad, who was removed from office in 2000. Ortiz was also secretary general of the
Oil expert René Ortiz returns to the ministry to replace José Agusto