Ecuador looks for investors for newly opened oil, gas territories

The government of Ecuador said it aims to attract more than $750 million in investments by opening up oil and gas territories controlled by a state company.

Ecuador, through its state-run energy company Petroamazonas, started the process of looking for private investors to help tap five areas spread across three provinces that are under currently under control of the company.

“The future contracts will contemplate an investment estimated in $755 million during 10 years of their validity,” the company said in a statement…

 

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