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The Chosun Ilbo – Ecuador Leader’s Visit to Korea Raises Hopes of Petro-Deal

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News that Ecuador President Rafael Correa will travel to Korea:

Ecuadorian President Rafael Correa will visit Korea in the second week of September and meet with his Korean counterpart Lee Myung-bak. Along with Venezuela, Ecuador is a major oil producer in Latin America, and Correa is expected to discuss Korean participation in the construction of a US$12.5 billion oil refinery in the coastal province of Manabi jointly operated by Ecuador and Venezuela.

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