View Single Post
Old 09-17-2008, 12:22 AM   #5
Rocky_Shorz
Avalon Senior Member
 
Join Date: Sep 2008
Location: USA
Posts: 1,098
Default Re: Ecuador and currency

well you shouldn't have any problems finding gas, Iran just signed a major agreement with Ecuador.

Quote:
TEHRAN (Reuters) - OPEC members Iran and Ecuador have signed an energy cooperation deal, an Iranian news agency said on Sunday, the latest in growing ties between Tehran and leftist South American governments that have annoyed Washington.

The memorandum of understanding included a plan to build a refinery and a petrochemical unit in Ecuador, in cooperation with both Iran and Venezuela, two of Washington's most outspoken opponents.

All three countries are members of the Organization of the Petroleum Exporting Countries (OPEC), source of more than a third of the world's oil.

Iran, at loggerheads with the United States over its disputed nuclear program, has sought to boost international support including in South America where it has courted Bolivia and Venezuela.

"An agreement was signed between Iran and Ecuador on cooperation in the oil industry and showed the will of the two countries' presidents to increase cooperation in economy and politics," Iranian Oil Minister Gholamhossein Nozari said.
http://uk.reuters.com/article/oilRpt...42888220080914
Rocky_Shorz is offline   Reply With Quote