Diego Borja

Under his leadership, a reform of the Hydrocarbons Law (Ley de Hidrocarburos) was enacted so the Ecuadorian state could recover 50% of the revenues produced by private oil companies.

Before this action, some private oil companies were contributing as little as 18% of their revenues to the public sector while earning profits of as much as 250% per year on their investments.

During his tenure, the Minister of Energy and Mines, Iván Rodríguez, decreed the expiration (caducidad) of the contract with the Occidental Petroleum Co., which was producing 100,000 barrels per day.

When Borja denounced a change that had been made to the regulations of the Hydrocarbons Law in an attempt to benefit the foreign oil companies, the chief of staff, Jose Modesto Apolo, asked for his resignation.

He served as Executive Director of the Flower Producers and Exporters Association (Expoflores); President of the Catholic Student Federation (Federación de Estudiantes Universitarios Católicos del Ecuador-Quito, FEUCE-Q); consultant on competitiveness and productivity for several institutions.