Poder 360 – “No way back”: Correa
Date: Nov 18, 2010
Chinese oil companies threaten Ecuador with International arbitration regarding contract negotiations. Ecuador President Rafael Correa remains firm in his position on new rules for companies operating Ecuadorian oil fields:
This statement from the head of state came after the Chinese oil companies Andes Petroleum and PetroOriental threatened to take the country to International arbitration for their discontent with the government for the process of renegotiation of new oil contracts.
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