Ecuador seizes control of US oil company

Ecuador yesterday joined the wave of Latin American governments targeting foreign-owned industries when it fulfilled its threat against an American oil company and took “full technical control” of its operations.

The offices and installations of Occidental Petroleum were occupied by soldiers earlier this week, provoking a furious response by Washington.

But yesterday, a Petroecuador official announced: “We are in control of Occidental’s technical operations.”

Telegraph