Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management
Message: Ecuador Taking Lawsuits By Oil Companies Very Seriously
Attorney seeks to negotiate conditions with oil |
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QUITO Contracts. For the State Attorney, Diego Garcia, the Government must make the renegotiation of oil contracts with foreign companies operating in the country, the withdrawal or suspension of claims raised against the State in international tribunals. "Ideally withdraw demands for arbitration or at least suspend the arbitration proceedings. This must be part of the renegotiation. " According to the official, the state faces demands from 15 multinationals that have filed arbitration proceedings by more than $ 12 billion. Garcia believes that the processes are hazardous to Ecuador and that they should be treated with caution. |
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