Re: Ecuador warns foreign oil firms to boost investment

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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ebear

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Re: Ecuador warns foreign oil firms to boost investment

posted on Feb 10, 2008 05:21PM

QUITO, Feb 7 (Reuters) - Ecuadorean President Rafael Correa said on Thursday he will take measures against foreign oil companies that fail to boost investment in the OPEC nation.

"This year (private) investment is halted while we renegotiate contracts," Correa told a local radio station. "If we don't reach an agreement (in negotiations) and they continue to halt investment, I will take other measures."

Antisocial Elements are wrecking the Ecuadorian Economy!

We must oppose them with all our strength!

Forward Comrades!

The People's Revolution shall not fail!

http://tinyurl.com/29sc3l

ebear

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