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› Controversial Ecuador oil deal lets China stake an $80 million claim to pristine Amazon rainforest
Controversial Ecuador oil deal lets China stake an $80 million claim to pristine Amazon rainforest
2016-01-30 06:42:55| Oil & Gas - Topix.net
Ecuador's President Rafael Correa, left, welcomes Paraguay President's Horacio Cartes during the IV Summit of the Community of Latin American and Caribbean States, CELAC, in Quito on Wednesday, Jan. 27, 2016. Andes Petroleum Ecuador, a consortium of two Chinese state-owned firms - China National Petroleum Corp. and China Petroleum and Chemical Corp. - on Wednesday purchased the rights to explore two oil blocks in the Amazon that cover an area of 500,000 acres.
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Category:Energy and Environment
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