Empresas y finanzas

Chevron says Ecuador court makes adverse ruling

QUITO (Reuters) - An Ecuadorean court ruled against U.S. oil company Chevron on Monday in an environmental case that has run on for almost two decades, but the company called the ruling "illegitimate" and said it would appeal the decision.

"The Ecuadorean court's judgment is illegitimate and unenforceable," CHEVRON (CVX.NY)said in a statement.

Pablo Fajardo, a lawyer for the plaintiffs, confirmed that a court had ruled against Chevron.

Residents of Ecuador's Amazon region have said that faulty drilling practices by Texaco, which was bought by Chevron in 2001, caused damage to wide areas of jungle and indigenous people in the 1970s and 1980s.

The lawsuit has triggered related legal action in U.S. courts and international arbitration. It is being closely watched by the oil industry for precedents that could lead to other large claims.

(Reporting by Santiago Silva in Quito, writing by Patrick Markey in Bogota)

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