start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

11/8/08

So how did Repsol manage to hold on to its oil biz in Ecuador?

If these two rumble the Muffin will beat the Spaniard's tush again

The Muffin revealed all in his radio address today.

"Even the Spanish government intervened (i.e. lobbied on Repsol's behalf), and in consideration of that government we met with the Repsol executives (who) accepted every single one of our conditions."

Or in other words, KOW TOW! KOW TOW! KOW TOW!

Correa continued; "We are very happy that Repsol is staying in Ecuador. It is a very serious company, but we aren't going to let foreign companies impose the conditions (of the contracts)."

Gotta love this guy.