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AFP – Ecuador seeks renegotiated foreign oil contracts: president

Date: Jul 7, 2010

Ecuador President Rafael Correa continues to push for renegotiated oil contracts with companies:

Ecuador’s President Rafael Correa said Tuesday that he hopes by the end of the year to renegotiate unfavorable oil contracts that have allowed some foreign firms to keep as much as 80 percent of the crude they have extracted from his country.

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