Sino-Ecuadorian Oil relations: A microcosm for the region?

Ecuador’s president, Rafael Correa, has recently announced that he is prepared to introduce legislation that would change the status of private and foreign oil firms and turn them into service providers. The change would mean the takeover of these companies’ assets and greater revenue for the government. Correa’s move reflects broader pressures on his government and trends on the wider regional oil market – a subject that was covered in a recent publication by the LSE Ideas Centre.