Ecuador Inks Signs Oil Deals with US And Colombia
From Turkish Weekly
Ecuador has signed contracts for oil production in three Amazon fields with consortia including U.S.
and Colombian companies, officials have announced.
The 20-year contracts signed on April 30 will provide for $130 million in new investment and $496 million in new revenues for the country, according to Non-Renewable Resources Minister Wilson Pastor. The three relatively small fields have probable reserves of 18 million barrels of crude, with total production of 15,000 barrels a day.
