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Ecuador petroleum increased production

posted on: Jan 5 2012 10:32 by RDugey. Viewed 22 times.

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The average annual production of oil from the State Enterprise Petroecuador arrived in 2011 to 149,156 barrels a day, representing an increase of 6% over the figures for 2010, according to a report officer.

Petroecuador said in a statement ending 2011 "with a... annual cumulative production of 54.70 million barrels of oil".

Pointed out that that result was "possible by the application of new, modern production technologies in the fields under its operation", in addition to the successes achieved in the drilling of new wells.

Added that on Tuesday the production reached 158,020 barrels of crude oil, "which are sure steps towards the goal of annual production", set to 165,000 barrels per day this year.

Oil is the main export of the country.

Total production of Ecuador, the smaller partner of the Organization of petroleum exporting countries (OPEC), u000aIt reached an annual average of 500,378 barrels per day in 2011, which is the contribution of Petroecuador. (EFE) Berlin

the German Institute for economic studies of Berlin (DIW) expects GDP to rise this year a 0.6%, following a 3.0% in 2011 and 2013 has an estimated growth of 2.2%, in case that the crisis of the euro achieved control.

"Thanks to the boom that will be given from summer of this year, pronosticamos for 2013 a growth of 2.2%", said yesterday the head of the DIW, Ferdinand Nash, short-term studies to present forecasts.

"But that only will be possible if in the coming months is control the crisis in the eurozone," he added. When the crisis spread and end affecting France, on the other hand, the DIW fears that Germany can enter into recession.

Decisions of the European Summit in December, according to the DIW, are not a contribution to an immediate crisis but long-term solution u000aterm will contribute to greater stability in the euro-zone.

"The crisis strengthens the German Government in its objective of greater coordination in Europe," said Nash.

The problems in the euro area primarily affect companies German.



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