In 2001, the Ecuadorian authorities took the position that OEPC
's contract took account of the paid VAT, in effect compensating OEPC
with respect to its VAT liability.
Block 60, covering nearly 1,500 square kilometres, was ceded by UK-based BG in October and its assets were bought by OEPC
"The rating reflects OEPC
's solid franchise, based in Okinawa Prefecture, as well as the favourable regulatory, legislative, and administrative framework that supports its operation, and its stable funding structure," Moody's said.
One example is the contract signed April 1, 2000 between Occidental Exploration and Production Company (OEPC
) and the Ministry of Defense.
proposes issuing up to 9.5 million new ordinary shares at 330p each on the basis of one new share for every three current ones.
reduced in light of OEPC
's contribution to its own losses.
6 April 2010 - Moody's gave an Aa2 rating to the series 19 bonds of Japanese utility The Okinawa Electric Power Company Inc (TYO:9511), or OEPC
, quoting its sound franchise.
(161) However, according to the Tribunal OEPC
's failure to request the ministry's approval, "while imprudent and ill advised, did not amount to bad faith", since Occidental executives acted as "...