Gazprom, Ecuador sing MoU to explore natural gas fields July 27, 2012 - 10:18 AMT PanARMENIAN.Net - Ecuador has signed a memorandum of understanding with Russian energy giant Gazprom to explore opportunities for the Amistad natural gas field at Block 6 in the Gulf of Guayaquil, the Wall Street Journal said citing Jorge Glas, strategic sectors minister coordinator. "Gazprom wants to explore natural gas in all offshore available areas," Glas told journalists. He added that Gazprom was also interested in “various stages of the natural gas business,” but revealed no more details. According to WSJ, Amistad was formerly operated by a local unit of U.S. oil and natural gas exploration and production company Noble Energy Inc. (NBL), but Ecuador’s state-run Petroecuador took it over after the U.S. company in 2010 refused to change its production sharing contract to a new service agreement. Petroecuador intends to invest some $120 million in 2012-2013 to increase natural gas production at the block, RIA Novosti reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
