Ecuador Calls Force Majeure on Oil Contracts
The threat of soil erosion forced the shutdown of the country's two pipelines that transport crude across the Andes.
Source: rigzone.com
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Ecuador declares force majeure on all oil contracts
The threat of soil erosion has forced the shutdown of the country’s two pipelines that carry crude across the Andes.
Source: aljazeera.com
EU's £250billion bid to tackle China
EU Commission President Ursula von der Leyen told a news conference: 'Indeed, countries ... need better and different offers (to China's initiative).'
Source: dailymail.co.uk
How China has flexed its economic muscles in Latin America
Cuba has invited Chinese firms and investors to help overhaul its energy network - just the latest in a string of loans, building projects and deals that has brought Latin America under Beijing's influence.
Source: dailymail.co.uk
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Ecuador to spend $80 mln on thermal power stations as erosion threatens hydro plant
Ecuador's state-run power company CELEC said on Thursday it will spend $80 million to repair idle thermal power plants to prepare them to provide backup electricity supply, as raging river erosion threatens its massive Coca Codo Sinclair hydroelectric plant.
Source: reuters.com