(SeeNews) - Jul 19, 2011 - Brazil's oil and gas giant Petrobras (SAO:PETR3; NYSE:PBR) wants a USD 300 million (EUR 211.4m) compensation from Ecuador for the block 18 and Palo Azul field, Ecuadorian daily El Comercio reported today, quoting Brazilian media.
Petrobras has left these areas before the expiry of its contract due to a disagreement over the new contract terms, proposed by Ecuador.
Petrobras' office in Quito and Ecuador's oil ministry declined to comment on the compensation, the daily said. …
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