World Business Briefing: Ecuador: Oil Agreements Under Review
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Ecuador has started to examine its oil agreements to determine if private companies have breached their contracts with the nation, South Americaâs fifth-largest oil producer, the energy minister said. âA committee will look into all contracts. It will review all we need to review and we are seeking transparency,â the oil minister, Alberto Acosta, said. The nine-member committee of energy officials and specialists is examining exploration and development contracts, which are mostly in the hands of foreign oil companies like Petrobras of Brazil and Repsol-YPF of Spain.
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The deal, estimated in the past at some $8 billion, should warm relations between the world's top two energy consumers, who have clashed lately over a range of issues from the yuan currency to the Chinese bid ...Comment
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A look at how government does business with the oil industry.
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JAKARTA, Indonesia -- The Organization of Petroleum Exporting Countries wants oil prices that traded near $50 a barrel last week before retreating this week to fall faster, and will discuss whether to increase production at a meeting next month, the
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Lawmakers acknowledged that there were still many differences on a proposed law to manage the countryâs oil.
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PUERTO AYORA, Ecuador -- An unremarkable day on the archipelago. A taxi honks at a meandering pedestrian. Shirtless men play dominoes by the market, shooing away fearless seagulls that vie for fish scraps. Dockworkers empty another cargo boat, while sunburned tourists listen to their guides explain...
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An agreement to divvy up the country's oil revenues is drawing opposition from politicians and unions, who argue that it could further divide the country
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The Bush administration is set to approve requests from two refineries to borrow oil from the government&#39;s Strategic Petroleum Reserve to make up for supplies
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CARACAS -- The Organization of Petroleum Exporting Countries, which pumps 40 percent of the world's oil, will address possible oil output reductions when members meet in Nigeria Dec. 14, Rafael Ramirez, Venezuela's oil and energy minister, said yesterday.
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Major oil companies are playing a bigger role in the search for oil and gas from unconventional sources, consultants Wood Mackenzie said on Monday.
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The New York Times reports that Chinese energy companies are maneuvering to strike ambitious deals in efforts to win access to Canadian oil.
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NUEVO JERUSALEM, Peru -- TomÃÂ¡s Maynas Carijano strolled through his tiny jungle farm, pinching leaves, shaking his head. The rain forest spread lushly in all directions -- covering what oil maps call Block 1AB.
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President Hugo Chavez ordered by decree on Monday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region.
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The OPEC countries are scheduled to meet this week in Cairo to discuss whether the current high in oil production is to be maintained or curtailed.
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Exxon Mobil Corp  has won court  orders freezing up to $12 billion in Venezuelan assets around  the world as it fights for compensation for operations lost to  President Hugo Chavez's nationalization drive.
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A brief look at elements of climate change and the international agreements to deal with it:
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THE Indian government is to offer 20 oil and gas blocks for exploration to foreign and domestic firms from January. Oil minister Mani Shankar Aiyar said he was seeking bids &quot;with a view to bringing more areas