Ecuador: Projections of 741,000 barrels of oil daily, production by 2019

bunkerportsnews.com reported that according to official projections, Ecuador could produce about 741,000 barrels of crude oil per day by 2019. Reaching this goal will require investments of about $5.5 billion per year over the next five years. Ecuador’s average oil output rose 4% to 526,000 barrels a day last year, from 504,000 barrels a day the same period a year before, the central bank said. Read Article