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Ecuador asks the OPEC to ‘regulate’ the oil production

Posted On 25 Feb 2015

Correa-Ecuador

Ecuador made a request to the Organization of the Petroleum Exporting Countries (OPEC) to “regulate production” and thus push up oil prices, which according to President Rafael Correa “are unnecessarily low.”

Correa said that Ecuador and other members of the cartel as Nigeria are looking for a “extraordinary session” of the OPEC to discuss this proposal.

“Prices are unnecessarily low, and the OPEC has the capacity (to press), regulating its production along with Russia – which is not part of the OPEC – to raise prices,” said Correa.

 

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Polo Ralph Lauren and Michael Kors will open their stores in Guayaquil

Posted On 05 Jul 2022

Files were opened to 17 banana exporting companies for allegedly not respecting the official price and falsehoods in the shipping plans

Posted On 05 Jul 2022

Ecuador will be able to recover from the strike in the second half of 2022

Posted On 04 Jul 2022
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