Ecuador's Energy Minister Juan Carlos Bermeo resigned on Thursday, saying he had "completed a cycle," just as the country begins the process of renegotiating oil block contracts with private companies.
Ecuador's President Guillermo Lasso appointed Bermeo as minister of energy and non-renewable natural resources in June last year, charging him with the mission to build investments in mining and develop alternative energy sources.
"Honestly and realistically, I think I have completed a cycle regarding such a complex portfolio and it is time to return to my private professional activities," Bermeo said in his resignation letter, which was confirmed by a ministry spokesman.
