Dow Jones - New Ecuador Contracts To Take 25% Of Oil Company Profits – The Amazon Post

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Dow Jones – New Ecuador Contracts To Take 25% Of Oil Company Profits

Date: Aug 13, 2010

Dow Jones reports on the details of new oil contracts in Ecuador:

New model service contracts delivered to private oil companies in Ecuador say the state is to take a “sovereignty” payment to equal 25% of their net profits.

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