Ecuador won't gain from new deals: Ortiz

摘要

Quito-Ecuador's renegotiations with major foreign oil companies will not help it increase crude production from the private sector, ener- gy analyst and former oil minister Rene Ortiz said November 24. "It's a Pyrrhic victory" for President Rafael Correa, Ortiz said in an interview. "This won't increase output; at best, it will maintain the current rate of decline."