Ecuador Accepts Chinese Funds

摘要

Ecuador has accepted another $1 billion under its loans-for-oil deal with PetroChina, and has announced a year-on-year increase in its January crude exports. “Ecuador received a payment of $1 billion from state-run PetroChina ... The govern- ment has decided to support once again this alternative source of external financing which allows for a prepayment of $1 billion for the sale of oil,” the Ecuadorean finance ministry said in a statement Tuesday.