Ecuador Oriente Crude $74.57/Bbl Oct 20; Napo $72.51/bbl
QUITO -(Dow Jones)- The average price of Petroecuador's Oriente crude oil for
export was $74.57 per barrel on Oct. 20, up 8% from $69.00 per barrel on Oct.
13, Petroecuador said Friday.
The price rose 17% from an average of $63.78/bbl for the month of October
2008, Petroecuador said.
Petroecuador also exports Napo crude from former Occidental Petroleum Co. (
OXY) fields, which were seized in May 2006.
The average price of Napo crude oil for export was $72.51 per barrel on Oct.
20, up 8% from $66.94 per barrel on Oct. 13, according to Petroecuador.
Crude oil is Ecuador's main export.
Last year, Ecuador's oil averaged around $84 per barrel.
Ecuador exports its crude oil primarily to Asia, the U.S., and the Caribbean.
-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653; mercedes.alvaro@
dowjones.com
(END) Dow Jones Newswires
10-23-091218ET
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