Ecuador threatens to expropriate all foreign-owned oil field operations unless the companies...

|By:, SA News Editor

Ecuador threatens to expropriate all foreign-owned oil field operations unless the companies agree to renegotiate existing contracts to increase the government’s share of production revenues. The largest companies operating in the area are Petrobras (PBR +1.5%), Repsol (REP -0.1%) and Eni (E -0.6%).