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Petroecuador information

Native name
Empresa Pública de Hidrocarburos del Ecuador
Company typeGovernment-owned (Empresa Pública)
IndustryOil and gas
PredecessorCorporación Estatal Petrolera Ecuatoriana
FoundedQuito, Ecuador (September 26, 1989 (1989-09-26))
refined oil products

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]

  1. ^ "Special Report: How China took control of an OPEC country's oil". Reuters. 2013-11-26.
  2. ^ Alves, Bruna. "Oil production in Ecuador from 1999 to 2019". Statista. Retrieved 26 January 2021.
  3. ^ "Overview". eia.

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communication and electricity services hampered rescue work. Three facilities of Petroecuador suspended operations temporarily. Ecuador's president, Guillermo Lasso...

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