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Article: Ecuador: Ecuador Hopes To Sign New Oil Services Deals.
- Article from:
- TendersInfo
- Article date:
- August 26, 2009
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Byline: manish03
The Ecuadorian government expects to sign new service contracts next year with private oil companies operating in the country to replace several current transitory participation deals, Mines and Oil Minister Germanico Pinto said Tuesday.
"We hope to have signed all the contracts at the end of 2010," Pinto said at a press conference. Ecuador wants to switch all current agreements with private companies to service contracts and to take more control over its natural resources.
Pinto said that by the middle of September there will be the draft of the new contracts ready, which will be given to the private sector companies after ...