Ecuador to Renegotiate Oil Deals to Increase Government Take

摘要

Ecuador says it will begin formally renegotiating contracts with all private oil producers in the country next week. The government says the process should be finished by the end of the year. Energy Minister Wilson Pastor said the first contracts up for renegotiation will be those of Spain’s Repsol YPF and Sipec, the local affiliate of Chile’s state oil firm Enap.