Ecuador still paying oil companies on time

摘要

Ecuador is not deferring any payments to private oil companies operating there, the country’s oil minister Pedro Merizalde said Friday, despite an announcement last month that his ministry may seek to negotiate new timetables for the fees it has agreed to pay per extracted barrel. On May 27, Ecuador’s oil ministry said it would concentrate its investments in projects with higher returns and look to delay payments to oil services companies due to low oil prices.