|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Ecuador (Click here for more)

Ecuador’s Oil Exports Up Almost 74%

QUITO – Measured by value, Ecuador’s oil exports rose almost 74 percent in the first half of 2010 compared to the same period last year, although that increase was due entirely to higher prices, the Central Bank said Monday.

Between January and June, the value of the country’s oil exports totaled almost $4.67 billion, up from $2.68 billion for the first six months of 2009, when international demand plunged amid the global recession.

A total of 66,763 metric tons (73,600 tons) of oil was shipped out of Ecuador in the first six months of 2010, down 0.5 percent from the same period of last year.

With higher crude-export revenue, the value of Ecuador’s oil-sector exports totaled $3.13 billion in the first half of this year, more than 74 percent higher than the value of its oil-sector imports, the Central Bank said.

Between January and June, Ecuador’s imports of fuels and lubricants were valued at more than $1.54 billion, compared with roughly $898 million in the same period of 2009.

In terms of volume, crude accounted for almost 93 percent of Ecuador’s petroleum exports in the year’s first half.

Oil is Ecuador’s main export product, and revenue from crude exports finances roughly 25 percent of the Andean nation’s public spending.

Ecuador’s leftist government wants to keep more oil profits in state hands and to that end has begun negotiations this week with private oil companies to switch their current production-sharing deals to fee-based service contracts. EFE
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved