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ECUADOR - ANALISIS DE PAIS DE LA EIA Imprimir E-mail
Petróleo en Latinoamerica - Ecuador
Jueves, 22 de Diciembre de 2011 18:36

Ecuador is one of Latin America's largest oil exporters, with net oil exports estimated at 285,000 barrels per day (bbl/d) in 2010. The oil sector accounts for about 50 percent of Ecuador's export earnings and about one-third of all tax revenues. Despite being an oil exporter, Ecuador must still import refined petroleum products due to the lack of sufficient domestic refining capacity to meet local demand. As a result, the country does not always enjoy the full benefits of high world oil prices: while these high prices bring Ecuador greater export revenues, they also increase the country's refined product import bill.

In 2007, Ecuador re-joined the Organization of the Petroleum Exporting Countries (OPEC), after leaving the organization at the end of 1992. Ecuador is the smallest oil producer in OPEC, with an assigned production quota of 434,000 bbl/d. Despite an increasingly challenging investment environment, data available indicate that Ecuadorian production is increasing in 2011. A growing share of Ecuador's exports are going to China, which has secured fixed supply in exchange for loans from the China Development Bank.

 

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FUENTE: EIA