Anyone Tried Bamboo Sheets?

The government of Ecuador is imposed on multinational oil companies, learn from www.gara.net





The Ecuadorian government is preparing to take control of the oil fields of the Brazilian Petrobras and three other companies children who have not accepted the new contracts were offered to them, informs an official source.

Tuesday ended a renegotiation, which lasted three months, with the multinational companies that exploit the large oil fields Ecuador: Petrobras, the Korean Grande Canada, the U.S. and China's CNPC EDC. This will leave the country because they have not accepted the conditions imposed by the government, anxious to ensure more benefits from the exploitation of this national resource. Companies that will leave the country 14% of the extracted oil used by individuals, says the Ministry of non-renewable natural resources, which also explains that the state will take over soon, within 120 days.

Companies such as English-Argentine Repsol YPF, ENAP, the Chilean, Italian Agip and Chinese Petroriental Andes Petroleum and instead have signed new contracts with Quito.

Under the contract, the State is the owner of all the oil is extracted from private corporations, and each is paid a flat rate of around 15%.

Minister of Non-renewable resources, Pastor Wilson said that the State oil revenue, under the new contracts, will rise from 70% to 80%.

His deputy, Carlos Pareja Yanuzelli, stated that there will be no impact on the staff of the deposits, continue to work with the same employees, "only change the guidelines." He denied that the government measure could produce the flight of investment in Ecuador, "I think the opposite will happen, because the rules are now clearer, and have the benefit of our companies but also, as demonstrated by the fact that there are oil companies who have been here. "

He added that the fact that she has gone Petrobras will have no fallout in relations with Brazil, while the Brazilian company, for its part, has said that it does not replace existing contracts for the extraction of other performance-only service and start the process to obtain the compensation it deserves.

Translation www.resistenze.org