fb818bc2ef8e906c27190acef06f0fd74d77259a

Canada's Ivanhoe Energy to terminate Ecuador contract

The Yasuni National Park contains Ecuador’s largest oil reserves, but its exploitation would imply impacts to pristine ecosystems, particularly watershedsEcuador’s state-run Petroamazonas oil company is in the process of terminating a contract with Canada’s Ivanhoe Energy, officials said Monday. Ivanhoe has held a 30-year oil exploration contract in Ecuador’s Amazon jungle, at a price of $37 per barrel. “We are currently in the process of terminating the contract with Ivanhoe” and “thinking of how to redefine exploration and find more investors,” Petroamazonas manager Oswaldo Madrid told the El Comercio newspaper.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article