Under proposed reforms unveiled this month, the government will do away with profit-sharing deals and replace them with service contracts.
Ecuador may cancel Noble contract
Ecuador's state-run oil company, Petroecuador, is analysing the possibility of canceling a contract with the Energy Development Corporation (EDC), a subsidiary of US-based oil and gas producer Noble Energy, officials said today.
30 December 2009 21:46 GMT
Updated
30 December 2009 21:46 GMT
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