QUITO, March 12 (Reuters) - The deadline for a
Chinese-Canadian consortium to pay a $1.5 billion upfront
payment to Ecuador in order to develop the country's most
productive oil block has passed, the energy minister said on
Wednesday.
President Daniel Noboa, who is seeking reelection in April,
had said the consortium, made up of subsidiaries of Chinese
state energy giant Sinopec and Canada's New Stratus
Energy ( RDRIF ), had until Tuesday night to make the payment.