Free Republic

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...