An arbitration court in The Hague awarded the company $96 million in 2011 in a dispute stemming from a 1973 deal that called for Texaco - later acquired by Chevron - to develop fields in exchange for selling oil to Ecuador at below-market rates.

Various appeals by Ecuador against the ruling failed.

"We have today paid around $112 million," the central bank head Diego Martinez told a local radio station late on Friday.

That