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Venezuela could drill former fields of Oxy in Ecuador

Venezuela and Mexico are among the potential strategic partners for joint operations in the fields that used to be developed by oil corporation Oxy. The corporate agreement to drill oil in the Ecuadorian Amazon was made null and void, the Ecuadorian Government disclosed Tuesday.

"There is the possibility of forming a strategic alliance with a state company, as set forth in the regulations," Ecuadorian Minister of Energy Iván Rodríguez said.

Additionally, there is the possibility of "contracting directly a state company of a foreign country to reinforce technically Petroproducción. The subsidiary of state oil company Petroecuador will be responsible for the fields that were held by company Oxy."

Rodríguez listed as candidates for a partnership state oil holding Petróleos de Venezuela (Pdvsa), ENAP of Chile, Mexican Pemex, Colombian Ecopetrol and Petrobras of Brazil.

He noted that Ecuador has also held discussions with Chile and Mexico concerning bidding of additional oil deposits in Amazon, AFP quoted.



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Uribe: Governments should respect the rights of border towns

04:20 PM. Western Hemisphere. Colombian President Álvaro Uribe said on Tuesday that governments should ensure citizens' rights to live on the border, in reference to a political and diplomatic crisis with Venezuela and its effects on border residents.

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