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The Ecuadorian government has threatened to take over foreign oil concessions if the companies resist growing state control of the industry.Rafael Correa has pitted himself against international business before President Rafael Correa said every day millions of dollars were going to oil companies that should go to the state http://suprashoesuk1.webs.com/ - supra shoes for sale . The government has been pressing the companies to give up concessions that give them a share of oil field profits and accept service contracts instead. Oil firms operating in Ecuador come from Spain, Brazil and Italy. 'Serious action'President Correa said during a televised address on Saturday: Every day that passes there are millions of dollars going to these companies that should be going to the Ecuadorean state. I'm out of patience http://www.longchampsoutlet.co.uk/ - longchamp tote bag . We are sending a bill to Congress that would allow for the expropriation of oil fields should the companies not want to sign the new contracts http://suprashoesuk2.webs.com/ - supra shoes on sale . The oil companies are playing with us. In the coming weeks there are going to be very considerable actions. I have no regard for these companies, which have abused our country. Foreign oil companies operating in Ecuador currently include Brazil's oil giant Petrobras and Repsol-YPF, dominated by Spanis
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