- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Ecuador Signs Deals Worth $1.62Bn for Development of 6 Oil, Gas Fields - Reports

CC0 / / Ecuador environment
Ecuador environment - Sputnik International
Subscribe
MEXICO CITY (Sputnik) - The government of Ecuador, represented by the state-run Petroamazonas energy company, signed investment contracts worth $1.62 billion for the development of six oil and gas fields, local media reported.

The contracts concern the Cuyabeno-Sansahuari, Yuralpa, Oso and Blanca-Vinita fields, located in the provinces of Orellana, Napo and Sucumbios.

Under the deals, the contractors would fund the development projects, while Petroamazonas would pay for their services in line with tariffs tied to WTI crude oil price, the Telegrafo newspaper reported on Friday.

A man displays 500 Indian rupee notes during a rally organised by India’s main opposition Congress party against the government's decision to withdraw 500 and 1000 Indian rupee banknotes from circulation, in Ajmer, India, November 24, 2016. - Sputnik International
India Mulls Ditching Dollar in Oil Trade With Russia, Iran, Venezuela - Reports
READ MORE: Ecuadorian Foreign Ministry Reaffirms Asylum for WikiLeaks Founder Assange

The government had also reconsidered its contracts on the Shushufindi and Pardeliservices consortia, which would allow it to receive the additional investment of $895 million in the projects, the outlet added.

Over the past months, the authorities of Ecuador have been seeking to attract foreign investment to boost oil production.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала