• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
International banks project that Ecuador will grow between 4 and 4.5% in 2022
Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc’s counselor
6% of Ecuadorians over 15 years of age do not know how to read or write
The gross profit reached $77.8 million, in the first quarter of 2022, of Banco del Pacífico, which “will be sold in a few weeks”
Updating the limits of the Brotherhood Marine Reserve was published in the Official Registry
Ecuador approves goals and IMF will transfer USD 1,700 million this year
52 Ecuadorian entrepreneurs land in Israel, cradle of innovation
Ecuadorian textile companies take advantage of the global logistics crisis
Singue case: Appeal is defined with an eye on Jorge Glas
The Minister of Agriculture and Livestock, Bernardo Manzano, begins meetings with the banana growers of Ecuador

Ecuador strengthens its economy with oil pre-sale

Posted On 27 Aug 2013

On last August 12, the country received $ 1,200 million, for the pre-sale of oil, according to the budget execution published by the Ministry of Finance on its website.

This is the first oil pre-sale of the year and that influx of funds is also being evidenced in the Free Liquidity International Reserve, which rose from $ 3,670 million in July to $ 5,346 million until last August 16.

Petroecuador announced that the official information will be presented through a press release to all the media, but the former Minister of Finance, Fausto Ortiz, explained that this would be the third oil pre-sale throughout the government of Rafael Correa and recalled that “the two previous pre-sales of $ 1,000 million each, received in 2009 and 2011, have already been paid.”

The first pre-sale was carried out in 2009 of 63.9 million barrels and its payment was completed in July 2011. The second one, involved 71.82 million barrels and its payment was completed in August 1, according to Petroecuador.

This third pre-sale was conducted with the participation of Petrochina and CBD (China Development Bank), said Fernando Villavicencio, oil analyst.

Fernando Villavicencio

Fernando Villavicencio

About the Author
  • google-share
Previous Story

Several dead in a tour to the Colta Lagoon

Next Story

Jason Statham almost drowned in a scene from “Expendables 3”

SEARCH

LATEST NEWS

International banks project that Ecuador will grow between 4 and 4.5% in 2022

Posted On 13 May 2022

Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc's counselor

Posted On 13 May 2022

6% of Ecuadorians over 15 years of age do not know how to read or write

Posted On 12 May 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net