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The Ecuador Lawsuit.

Reuters – Ecuador Says Two Oil Firms Will Not Sign New Deals

Date: Nov 22, 2010

Ecuador President Rafael Correa says that his country has failed to reach an agreement with two oil companies:

Tuesday is the deadline for executives to sign new deals that would throw out profit-sharing arrangements in favor of flat-fee service contracts. The government says companies that do not sign the new pacts would have to leave the country.

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