According to the World Bank’s arbitration panel, Ecuador must pay Occidental Petroleum Corporation $1.77 billion to resolve a contract dispute following the country’s canceling the firm’s oil concession in 2006. However, the government has already announced that it will not comply with any ruling it does not like. So there.If there's ever a "final" judgement against Chevron in Ecuador, Chevron can take a similar attitude. I assume. What goes around, comes around.
Sunday, October 7, 2012
Great News for Chevron in Ecuador
From the Wall Street Cheat Sheet:
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