ISDS Case Map
energy
oil, gas, agrofuels
Pakistan can be an energy corridor for China and it wants the Iran-Pakistan-India (IPI) gas pipeline extended up to China, President General Pervez Musharraf told a group of Chinese traders during a meeting on Wednesday.
Sources say Venezuelan President Hugo Chavez's challenge to the Free Trade Area of the Americas was on the top of the agenda of the Bilderberg Group meeting in Canada last week.
Showing the door to Occidental Petroleum (Oxy) and scuttling US free trade negotiations have long been agenda priorities for Ecuadorian social movements and political sectors. But following government steps that have all but made these goals a reality, the atmosphere seems more anxious than celebratory.
The US-based Occidental Petroleum Company has filed an arbitration claim against Quito for canceling its exploration rights, a move that resulted in a suspension of free trade talks with Washington.
US-based Occidental Petroleum has responded swiftly to a move by the Ecuadorian Government to kick the company out of Ecuador. The firm filed a request for arbitration with the Washington-based International Centre for Settlement of Investment Disputes (ICSID) yesterday. The company's claim is expected to be for at least $1 Billion (US) in damages.
Finance Minister Diego Borja said that the US decision to break off free trade talks with Ecuador after the government canceled Occidental Petroleum Corp's (OXY) contracts was unacceptable political interference.
The Bush administration announced Tuesday it has broken off negotiations on a free trade agreement with Ecuador after that government's decision to annul an operating contract with Occidental Petroleum Corp.
Ecuadorean President Alfredo Palacio sent troops to guard oil facilities seized from Occidental Petroleum Corp. as they are transferred to state control, officials said Tuesday.
Ecuador's chief trade negotiator, Manuel Chiriboga, admitted that a huge "uncertainty" surrounds the future of the free trade negotiations with United States suspended since the end of March.
Pakistan's Prime Minister Shaukat Aziz on Friday called for the establishment of an ECO free trade area and intra-regional oil and gas pipelines, saying an energy grid could create inter-linkages necessary for making the Economic Co-operation Organisation (ECO) more effective.
