Ecuador reaches deal with most oil companies

Petrobras, Brazil’s national oil company, was the only major foreign oil company holding out on a new contract with Ecuador on Tuesday night, paving the way for a possible exit from the Andean nation.
Repsol of Spain, Eni of Italy, Andes Petroleum and PetroOriental of China and Enap of Chile will remain in the country, investing $1.27bn in the oil sector, according to Wilson Pastor, Ecuador’s minister of oil policy.
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Source: Financial Times