seizure

  • Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute

    Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute

    Monday, 2nd November 2015
    Ecuador's President Rafael Correa said on Saturday that his country is in 'friendly' negotiations with Occidental Petroleum Corporation over the payment of a $1.77b award the Latin American nation was ordered to pay for seizing the US-based company's assets in 2006, reports Reuters.