Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Companies / Ecuador

Repsol And Perenco Given 72 Hours To Pay Debt

February 2009 | Legal News

Ecuador has given Spain's Repsol YPF and France's Perenco 72 hours to pay their debts, which stem from a windfall tax that was imposed in 2007, or risk having their assets and bank accounts frozen.

To read the full article, please choose one of the following options:

Subcribers please log in

Related Insight Articles
Perenco's Output To Flow To State

Political Risk / Ecuador Ecuador will seize oil output of French company Perenco over the non-payment of taxes.
March 2009
Repsol YPF Averts Asset Seizure After Reaching Deal With Correa

Economy / Ecuador Spanish-Argentine major Repsol YPF has averted the seizure of its oil assets in Ecuador after reaching a preliminary agreement over tax debts with the government.
February 2009
Petroecuador's Budget Slashed As Economic Clouds Gather

Economy / Ecuador State oil company Petroecuador will receive US$3bn for operations and investment purposes in 2009, following a government meeting on January 22.
January 2009
Petroecuador To Delay Energy Projects As Government Cuts Spending

Economy / Ecuador Ecuador's oil minister Derlis Palacios has announced that in 2009 public investment in the country's energy sector is likely to be around US$1-1.2bn, which would be significantly below the US$2.7bn needed...
January 2009
Repsol YPF And Ecuador Reach A Deal

Economy / Ecuador Spanish-Argentine major Repsol YPF has said it has reached an agreement with the Ecuadorian government that will allow it to continue operating in the country. On October 31, Ecuador terminated Repsol's...
November 2008


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2012 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS