Amazon Watch - Unclean Hands: Corruption Plagues Ecuador's Oil Deals with China
Ecuador is desperate to drill because it owes China billions as part of loan deals between the two countries that have Ecuador handing over much of its oil to China through 2024. The oil price crash has also exacerbated the issue, forcing Ecuador to deliver twice or three times the amount of crude to pay off the debt. Sound like a bad deal? It is. But not for everyone.