Ecuador signs US$ 1 billion investment deals to boost oil production in existing fields

Wednesday, April 13th 2016 - 05:03 UTC

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Ecuadorian state-owned energy firm Petroamazonas EP, which is looking to boost production at nine of its existing oil fields and on Monday signed a series of investment deals amounting to US$ 1 billion for those areas, enlisting the help of both domestic and foreign companies. Read full article

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gordo1
Will this really happen? Or is it just another fictional event to boost Rafael Correa who is losing his popularity?
Apr 13th, 2016 - 10:15 am - Link - Report abuse 0
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Troy Tempest
After condemning Chevron et al for shoddy practices and exploitation, just a few years ago, it's not surprising there is little US involvement.

Perhaps there are encountering problems with supply from Venzla?
Apr 13th, 2016 - 10:44 am - Link - Report abuse 0
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L0B0MAU
Smells a rat - e very dead one!
Apr 15th, 2016 - 02:38 pm - Link - Report abuse 0
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