Ecuador: Italian Oil Firm Discovers Estimated 300 million barrels of oil

Posted on September 19, 2014 • Filed under: Ecuador, Oil

Reuters reported that an Italian oil company has discovered an estimated 300 millions barrels of oil located 260 kilomters southeast of Quito. It is believed that the reserves have the capacity to extract up to 2000 barrels of oil per day. The firm from Italy is Eni. Read Article

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