Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal
Oil & Gas 360º
MARCH 6, 2025
(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.
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