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

Posted on February 18, 2014 • Filed under: Ecuador, Oil 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

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