• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador obtained $ 5.5 billion of income from exports in 2020
Ecuador, one of the nations most attacked by hackers
Why is inflation so low in Latin America and what does it say about the region’s economy
Femicide, a drama that involves more families in Ecuador
Second trial against former minister María de los Ángeles Duarte
An official resigns from the CNE stating that she was asked to sign documents to hire a supplier
Álvaro Noboa asks Lenín Moreno to comply with the measure ordered by the Human Rights Committee
Councilor Hernán Ulloa asks to suspend printing of ballots for the elections
Diana Atamaint, Enrique Pita, José Cabrera and Luis Verdesoto were dismissed by an ECA judge
Office of the UN Human Rights Committee advocates the presidential candidacy of Álvaro Noboa

Adjustment worries the Petroamazonas suppliers

Posted On 10 Mar 2016

 

Image: El Universo

Image: El Universo

The current tendency is towards a lower global price in oil and forces the companies from the optimization programs to cut their budgets.

This tendency is also applied to the local scope and for this year, the State enterprise for exploration and exploitation of crude, Petroamazonas, will handle less money than the one received in 2015.

The budget was approved initially, last year, and the ammount was of 4 670 million dollars. However, in last year’s April, the budget was reduced by 24 less, representing a total of 3 533 million dollars, which involved in an investment cut.

The decrease was reflected in the production by 3,4%, and instead of producing 362 072 barrels in 2014, the following year reflected just 348 728 barrels. (I)

Original Source in Spanish: http://www.elcomercio.com/actualidad/proveedores-petroamazonas-petroleo-crudo-ecuador.html

 

About the Author
  • google-share
Previous Story

The Ecuadorian Treasury must seek another 1 900 million dollars

Next Story

Ecuadorian migrants used import illegally household merchandise

SEARCH

LATEST NEWS

Ecuador obtained $ 5.5 billion of income from exports in 2020

Posted On 13 Jan 2021

Ecuador, one of the nations most attacked by hackers

Posted On 13 Jan 2021

Why is inflation so low in Latin America and what does it say about the region's economy

Posted On 13 Jan 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net