• Which country exports the most crude oil in Ecuador?
  • In 2020, the United States received most of Ecuador¡¯s crude oil exports, averaging 169,000 b/d, or 46% of total exports. Chile, China, and India were among the top export destinations for Ecuador¡¯s crude oil.
  • How has Ecuador impacted crude oil production?
  • The Ecuador government¡¯s initiatives to increase the country¡¯s share of crude oil revenue have resulted in a challenging investment environment. As a result, crude oil production stayed relatively flat between 2010 and 2020.
  • How much oil does Ecuador produce?
  • Under the former president, oil production reached 27 million tons in 2018, representing about 40 percent of Ecuador¡¯s fiscal revenues and 10 percent of national GDP. The importance of imported fossil fuels and oil exports was underscored during the social unrest of 2019.
  • Why is Ecuador an importer of petroleum products?
  • As a result of insufficient domestic refining capacity to meet local demand, Ecuador is an importer of petroleum products, despite its production of crude oil and petroleum liquids. In general, Ecuador exports heavy refined products, such as fuel oil, and imports lighter products, including gasoline, diesel, and liquefied petroleum gas (LPG).
  • Which oil pipeline is used in Ecuador?
  • Ecuador¡¯s second oil pipeline is the OCP, transporting medium and light crude oils separately from heavy crude oils (Napo crude). 9 Approximately 70% of the country¡¯s crude oil travels through SOTE, and the remainder is transported through OCP. Ecuador has one transnational pipeline, the 190¨Cmile Oleoducto Transandino pipeline (OTA).
  • What is Ecuador’s new president doing to boost oil production?
  • The newly installed president has taken a positive approach to Ecuador¡¯ oil industry and appears ready to continue building on Moreno¡¯s reforms. He intends to implement policies to attract more foreign energy investment, boost refining output and grow Ecuador¡¯s economically vital oil production.