Tag Archives: Ecuador

OPEC invited Ecuador to rejoin the oil producers’ group just over three years after its departure, according to a letter received by the country’s Energy Ministry. Secretary-General Haitham Al-Ghais wrote that readmission of the Latin American nation is a “top priority” for OPEC and offered to visit to “explain the …

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.

Ecuador has been in breach of its promised production limits every month this year.

.The world’s largest oil-consuming country could sell as much as 800.000 barrels per day of crude overseas this year