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opec Archives: • November, 2008 •

Ecuador : Pass to Another Oil Production Cut

By Website Introductions at 11/13/08 19:59

Oil Minister Derlis Palacios or Ecuador say that his government will ask Organization of Petroleum Exporting Countries (OPEC) for an exception if the oil cartel decides to slash their production for the second time in a month. He added that Ecuador deserves to avoid the reduction because about 40 percent of their national budget comes oil exports and their production is marginal. Now, Ecuador produces about 493,000 barrel of oil a day by following OPEC's rule.

News: The Associated Press: Ecuador to ask OPEC for exception to cutbacks

Tags: oil cartel • opec • oil minister derlis palacios • oil production cut •
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opec Archives: • November, 2008 •

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