HOME About Blog Contact Hotel Links Donations Registration
NEWS & COMMENTARY 2008 SPEAKERS 2007 2006 2005

Thursday, June 01, 2006

Venezuela signs oil deal with Ecuador

QUITO, Ecuador, (UPI) -- Ecuador and Venezuela have signed an agreement whereby Venezuela will refine some 100,000 barrels daily of Ecuadorian oil, El Comercio reported Wednesday.

Officials in Quito said that the deal will save Ecuador an estimated $300 million a year.

Earlier this month, Ecuador kicked out U.S. oil company Occidental Petroleum for violating the country's rules of operation.

Venezuelan President Hugo Chavez has been steadily strengthening energy ties with other South American nations including Bolivia, recently signing an accord for bolstering Bolivia's gas sector.
Web IntelligenceSummit.org
Webmasters: Intelligence, Homeland Security & Counter-Terrorism WebRing
Copyright © IHEC 2008. All rights reserved.       E-mail info@IntelligenceSummit.org