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Petroecuador Approves Merger of Subsidiaries

Oct 28, 2011

Ecuador’s state oil company Petroecuador has approved the merger of its Petroamazonas and Petroproduccion operating units as part of a long ongoing company...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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