Ecuador threatens to take over foreign oil firms (Reuters)

[Mgtrben news]

Reuters - Ecuador will move to take over the operations of foreign oil companies in the country unless they sign new contracts agreeing to increased state control over the sector, President Rafael Correa said on Saturday.

Source (http://us.rd.*****.com/dailynews/rss/topstories/*http://news.*****.com/s/nm/20100417/ts_nm/us_ecuador_oil_contracts)