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Rafael Correa

Ecuador Gives Oil Profits to the People

written by Earth & Industry

After burning through five energy ministers, President Rafael Correa was finally able to pass the petroleum reform that replaces a production-sharing model with a flat rate per barrel produced payment scheme. The oil of Ecuador now belongs to the Ecuadorian state.

As the IPS reported, January 23rd marked

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February 4, 2011 0 comment
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