Global Trade Alert
Global Trade Alert

Ecuador: Nationalization of oil fields operated by Petrobras

Announcement

23 Nov 2010

In November 2010, the government of Ecuador announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Nov 2010

Revocation date:

No revocation date

Updated: 23 Nov 2010
FDI: Treatment and operations, nes In force

On 23 November 2010, the President of Ecuador announced that Petroleo Brasileiro SA (Petrobras) would leave the country. The reason for the departure lies in failed negotiations to change the ...

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