Russia will have to pay $ 50.000 million to shareholders of Yukos oil company

The Permanent Court of Arbitration in The Hague ordered Russia to pay 50,000 million dollars of compensation to former shareholders of the Yukos oil company for having expropriated them, have announced this Monday their lawyers in London. The Court ruled on July 18 that Russia...

Offers to exploit oil fields were presented

The first filter before getting a contract with the State to explore and exploit oil fields, located in the southeast of the country, was passed by the oil companies Repsol (Spain), Andes Petroleum (China) and international partners of the public company Petroamazonas. Andres...