Rob Wile Business Insider 11/26/2013

The Chinese have taken control of Ecuador’s oil sector, Reuters’ Joshua Schneyer and Nichoals Medina Mora Perez report.

Finding themselves largely shut out of credit markets since defaulting on $3.2 billion in debt in 2008, Ecuador turned to China.

In exchange for covering 61% of the country’s $6.2 billion financing […]