Connect with us

Hi, what are you looking for?

Ecuador Political News

Ecuador sees 8% crude output rebound; eyes $14 bln in investment

Updates On "Big Oil" Liability: Justice Is Prevailing! - Forbes

Ecuador expects crude production to rise 8% by the end of the year to around 530,000 barrels per day (bpd), Energy Minister Juan Carlos Bermeo said in an interview, an increase that could help the cash-strapped Andean nation recover from a recession.

In the long-term, the country is seeking to double output to around 1 million bpd, which would require about $14 billion in investment, Bermeo told Reuters on Wednesday. The minister is a civil engineer who was named to the post in June by recently-elected conservative President Guillermo Lasso.

To read the full story on Hellenic Shipping News, click here.


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...