Tuesday, May 18, 2010

Ecuador's Jan-March Crude Output 470,000 B/D, Down 6% On Yr


QUITO (Dow Jones)--Ecuador's average oil output fell 6% to 470,000 barrels a day between January and March from 500,000 barrels a day in the same period last year, the central bank reported Tuesday.

Petroecuador averaged 277,867 barrels a day in the first three months of this year, while private companies' oil output was 192,133 barrels a day.

Petroecuador averaged 281,767 barrels a day in January and March 2009. Private oil companies averaged 218,233 barrels a day in the same period.

The country's total oil production in the first three months of 2010 was 42.32 million barrels.

Oil is Ecuador's main export and the government's main revenue earner.

All figures have been rounded.

-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653; mercedes.alvaro@dowjones.com

No comments:

Post a Comment