QUITO (Reuters) - A World Bank tribunal said Ecuador must pay Occidental Petroleum Corp (N:OXY) around $1 billion for seizing the U.S.-based company's assets in 2006, Ecuador's President Rafael Correa said on Twitter (N:TWTR) 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.