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Ecuador's President Rafael Correa announced that the country will keep 99 percent of "windfall" oil profits, up from 50 percent. Ecuador's profit margin has caused tension with foreign oil investors.
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Ecuador Oil Decree Questions
What are the oil and natural gas resources in Nicaragua? 1 AnswerOil and gas exploring is being done offshore of Nicaragua in the Carribean sea. Infinity Energy Resources and MKJ exploration read more
where does crude oil come from? 1 AnswerThe belief is that crude is formed by organic compounds when intense heat and pressure are added to them. The oceans are full of fish, plankton, algae, etc. Wh... read more
How much oil does Norway export? 2 AnswersSomething in the range of 500,000 barrels per day. read more