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Business > Foreign Business
Ecuador claims 2 Amazon oil blocks
By Agence France-Presse
Jan 03, 2023 12:04 am

QUITO, Ecuador: Ecuador has taken over operation of two oil blocks in the Amazon rainforest that since 1999 had been operated by Spain's Repsol under a contract now expired, state company Petroecuador said Sunday (Monday in Manila).

Petroecuador said in a statement it 'assumes operation' of blocks 16 and 67 after Repsol's contracts for exploration and exploitation ended on December 31.

MORE RESOURCES This Dec. 27, 2018 file photo shows a Petroecuador fuel station in Ecuador. Ecuador has taken over operation of two oil blocks in the Amazon rainforest that since 1999 had been operated by Spain's Repsol under a contract now expired, state company Petroecuador said on Sunday, Jan. 1, 2023 (January 2 in Manila). XINHUA PHOTO

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