Ecuador Prepares To Begin Repaying Schlumberger Debt

Ecuador’s new authorities is able to begin negotiating a debt reimbursement of round US$1 billion with Schlumberger for oilfield providers rendered to OPEC’s smallest member. Based on the nation’s new Oil Minister, Carlos Perez, as quoted by Reuters, the negotiations will concentrate on rates of interest and partial repayments, in addition to speak about further investments. Complete money owed that Ecuador owes numerous oilfield service corporations stand at US$2 billion. The Lenin Moreno authorities is planning on redeeming this partly in money…

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