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BREAKING NEWS
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers

About 740 million have been paid to Oxy

Posted On 07 May 2016

Coordinator Minister of Economic Policy Patricio Rivera, said Thursday that so far USD 740 million have been paid to the Oxy oil company, of the approximately USD 1 000 million that are owed. The rest of the obligation will be canceled in the next two months, the official said. “We have already paid about USD 740 million. There is an established schedule and it will take about two months to pay the full amount,” according to Rivera.

The total amount paid to the oil company was USD 980 million after the conviction of an arbitral tribunal of the Center for Settlement of Investment Disputes of the World Bank, since in 2006 Ecuador declared the expiration of the contract of the oil company in block 15 and the unified Eden Yuturi and Limoncocha fields (I).
Source: http://www.elcomercio.com/actualidad/oxy-pagos-deuda-ecuador.html
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Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador

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