Forbes – Correa’s Play for Greater Influence in the Oil Sector
Date: Apr 21, 2010
Foreign oil executives are making their way to Quito, Ecuador, to try to work out a compromise over oil production contracts with Ecuador’s left-leaning president, Rafael Correa. The small Organization of the Petroleum Exporting Countries (OPEC) member is pressuring foreign oil investors to change the terms of their contracts with the goal of bolstering the state’s authority over the oil sector.
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