Ecuadorian Minister of Mines and Petroleum Galo Chiriboga requested OPEC to maintain their oil output despite decline in international crude prices. He was quoted as saying: Ecuador expects an investment of 800 million U.S. dollars in the private petroleum sector this year, and expressed hope that state-owned oil company Petroecuador would increase crude oil output to [...]
Continue reading "Equador requests OPEC to maintain output"
Sunday, August 10, 2008
China’s Andes Petroleum has agreed to modify its drilling and exploration contract with Equador. For full news, click here
Continue reading "Andes Petroleum to modify contract with Ecuador"
Sunday, August 10, 2008
Ecuador’s oil minister reported that Brazil’s state-run oil company Petrobras has agreed to renegotiate a 21-year drilling and exploration contract in Equador. For full news, click here
Continue reading "Petrobras to renegotiate Equador contract"
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Thursday, August 14, 2008