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National petroleum company of Ecuador
Petroecuador
Petroecuador petrol station on the Pan-American Highway
Native name
Empresa Pública de Hidrocarburos del Ecuador
Company type
Government-owned (Empresa Pública)
Industry
Oil and gas
Predecessor
Corporación Estatal Petrolera Ecuatoriana
Founded
Quito, Ecuador (September 26, 1989 (1989-09-26))
Headquarters
Quito
,
Ecuador
Products
petroleum refined oil products
Subsidiaries
Petroproduccion Petroindustrial Petrocomercial
Website
www.eppetroecuador.ec
EP Petroecuador (Empresa Estatal Petróleos del Ecuador; Empresa Pública Petroecuador; meaning: State Petroleum Company of Ecuador) is the national oil company of Ecuador. Ecuador who is a member of the Organization of the Petroleum Exporting Countries (OPEC) and, although it is the smallest member,[1] the country produced 531,000 barrels of crude oil per day in 2019.[2] The oil corporation is a significant part of the Ecuadorian economy. The petroleum industry has expanded to the production of refined commodities such as gasoline, liquefied petroleum, and jet fuel. The government of Ecuador is highly dependent on the revenues from the energy sector to support its budget and finance state projects.[3]
^"Special Report: How China took control of an OPEC country's oil". Reuters. 2013-11-26.
^Alves, Bruna. "Oil production in Ecuador from 1999 to 2019". Statista. statista.com. Retrieved 26 January 2021.
EP Petroecuador (Empresa Estatal Petróleos del Ecuador; Empresa Pública Petroecuador; meaning: State Petroleum Company of Ecuador) is the national oil...
crops for export being coffee, sugar, cacao, rice, bananas and palm oil. Petroecuador, the largest company in the country and one of the largest in Latin America...
the consortium to Petroecuador in 1990. TexPet's concession expired in 1992, leaving Petroecuador as the sole owner. Petroecuador continues drilling...
responsibility lies with the government and its national oil company, Petroecuador. Texaco allegedly decided to forgo their standard drilling practices...
Empresa Nacional del Petróleo Chile Empresas Copec Ecopetrol Colombia Petroecuador Ecuador Petropar Paraguay Petroperú Peru ANCAP Uruguay PDVSA Venezuela...
by EP Petroecuador from 2014 to 2019". Statista. Retrieved May 13, 2022. Statista (August 5, 2022). "Sales revenue generated by EP Petroecuador from 2014...
the role played by middlemen such as Glencore with state oil company Petroecuador" due to questions about transparency and follow-through, according to...
from the original on 2016-03-04. Retrieved 2012-06-21. "BNamericas - EP Petroecuador comercializará en el mercado..." BNamericas.com (in Spanish). Retrieved...
operations in the Amazon in partnership with Ecuador's national oil company, Petroecuador. In the 1990s Texaco came to a $40 million agreement with Ecuador to...
refining and distribution of oil and oil products. The state-owned company, Petroecuador, oversees and executes all related operations. The country is also seeing...
America. Texaco's contract for oil production in Ecuador expired in 1992. PetroEcuador then took over 100% of the oil production management. 1.5 billion barrels...
acting through the state-owned oil agency Petroecuador, obtained a 25% interest. Two years later, Petroecuador acquired Gulf Oil's interest and became a...
at the National Assembly. They have five children together. He joined Petroecuador in 1996 first as a social communicator and then as a trade unionist until...
share of the waste generated by the joint venture between Texaco and Petroecuador, the state run oil company. The company claims it cleaned up one third...
sites shown are the responsibility of Chevron or its former partner, Petroecuador. According to Amazon Watch, the videos contain a map confirming that...
the spill of crude oil and toxic waste. Chevron, which instead blames Petroecuador and has not paid the judgement, has had repeated success in arguing against...
partly a reflection of the high political volatility in the country. Petroecuador accounts for over half of oil production, however, as a result of financial...
central issue in the presidential election was corruption; scandals in the Petroecuador state oil company and Odebrecht cases led to demands that candidates...
communication and electricity services hampered rescue work. Three facilities of Petroecuador suspended operations temporarily. Ecuador's president, Guillermo Lasso...
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