Arbitration panel orders Ecuador to pay $1 bln to Occidental -Correa
QUITO Nov 2 (Reuters) - A World Bank tribunal said Ecuador must pay Occidental Petroleum Corp around $1 billion for seizing the U.S.-based company's assets in 2006, Ecuador's President Rafael Correa said on Twitter on Monday.
In 2012, the International Center for Settlement of Investment Disputes (ICSID) ordered Ecuador to pay $1.77 billion which led Correa's government to appeal. (Reporting by Alexandra Valencia; Editing by Chris Reese)
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