In its conception , Petroecuador began as a fiscal agent ; however , in time , it came to manage and operate most of the country 's oil sector .
Petroecuador is a state - owned enterprise , founded on September 26 , 1989 .
In Petroecuador 's conception enterprise Petroecuador began as a fiscal agent ; however , in time , it came to manage and operate most of the country 's oil sector .
Petroecuador is a state - owned enterprise , founded on September 26 , 1989 .