Monday, June 7, 2010

Ecuador April Crude Oil Exports Up 4% On Month To $862M

QUITO (Dow Jones)--Ecuador's oil export revenue totaled $862 million in April, up 4% from $826 million in March, the central bank said Thursday.

In terms of volume, Ecuador exported 11.4 million barrels in April rose from 11.3 million barrels a month before.

That translates into exports of 381,820 barrels a day in April from 376,560 barrels a day in March.

The average price of crude in April rose 3% to $75.3 a barrel from $73.2 a barrel registered in March.

According to the central bank, of the total exported by the country in April, 9.7 million barrels, or 85%, were sold by state-run Petroecuador. The remainder was exported by private companies operating in Ecuador.

In April 2009 Ecuador exported 10.65 million barrels and obtained revenue of $425 million.

All figures have been rounded.

-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653;

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