Ecuador Jan-May Crude Oil Exports Down 63% At $1.82 Billion Vs
Year Ago
QUITO -(Dow Jones)- Ecuador's crude oil export revenue totaled $1.82 billion
between January and May, a 63% decrease from $4.97 billion in the same period of
2008, the central bank said.
Ecuador exported 50.65 million barrels in the first five months of 2009, down
9% from the 55.83 million barrels shipped one year earlier.
That translates into exports of 335,417 barrels a day between January and May,
down from 367,309 barrels a day registered in the same period of 2008.
According to the central bank, the average price of crude in the five months
decreased 60% to $35.90 per barrel from $89.01 a barrel in the 2008 period.
Of the total exported by the country between January and May, 16.63 million
barrels, or 33%, were sold by private companies operating in Ecuador, obtaining
revenue of about $582 million. The remaining was exported by state-run
Petroecuador.
-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653; mercedes.alvaro@
dowjones.com
(END) Dow Jones Newswires
07-08-091203ET
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