Ecuador's crude oil export revenue totaled $5.05 billion for the January-July period, a 71% increase from $2.96 billion a year earlier, due to higher oil prices, the Central Bank of Ecuador reported Monday
Ecuador
's
crude oil export revenue totaled $5.05 billion for the January-July period, a
71% increase from $2.96 billion a year earlier, due to higher oil prices, the
Central Bank of
Ecuador
reported Monday.
The average price of crude in the seven-month period jumped about 66% to $70.37
a barrel from $42.36 a barrel in the 2009 period.
By volume,
Ecuador
exported 71.73 million barrels in the first seven months of this year, 3% above
the 69.84 million barrels registered last year.
That translates into exports of 338,349 barrels a day between January and July
from 329,434 barrels a day a year earlier.
According to the official data, of the total exported by the country, 17.73
million barrels, or 25%, were sold by private companies operating in
Ecuador
,
bringing in revenue of about $1.24 billion. The remainder was exported by
state-run Petroecuador.
All figures have been rounded.
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