Wednesday, May 17, 2006

Ecuador takes over Oxy oil field

In the footsteps of Bolivia’s plan to nationalize their gas fields, Ecuador seized an oil field from U.S.-owned Occidental Petroleum. The U.S. retaliated by cutting off free trade negotiations with Ecuador. Two days ago, Ecuador renewed an oil exploration contract with a Spanish-Argentine energy firm.

, , ,
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)