Report: China Oil Deal Cost Ecuador Up to $2 Billion in ‘Greatest Heist in the Country’s History’
A report commissioned by Ecuador’s Prosecutor General revealed this weekend the country may have lost up to $2 billion in oil deals under the socialist government of ex-president Rafael Correa. Deals with the state-owned PetroChina gave Correa billions in credit while allegedly hurting the Ecuadorian government’s profits.