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The Ecuador Lawsuit.

Dow Jones – Ecuador Tax Agency Head: Agip Oil Owes $70 Mln In Taxes

Date: May 18, 2010

Agip Oil, a local unit of Eni SpA (E, ENI.MI), has lost a legal battle in Ecuador and will have to pay around $70 million to the government’s Internal Revenue Service, or SRI, the tax agency head told Dow Jones Newswires.

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