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Ecuador October crude output hits 15.6Mb

Bnamericas Published: Friday, December 07, 2012
Ecuador produced 15.6Mb of crude in October (31 days) compared with 15.2Mb in September (30 days), according to a report from the country's central bank. October output from state and private companies totaled 11.4Mb and 4.18Mb respectively versus 11.1Mb and 4.07Mb in September. Crude exports and consumption in October hit 10.4Mb and 4.76Mb compared to 11.5Mb and 4.55Mb the previous month. October output, imports and consumption of derivatives reached 5.9Mb, 3.88Mb and 7.97Mb versus 6.12Mb, 3.66Mb and 7.13Mb in September. The bank also highlights that transported crude volume in October totaled 14.9Mb compared to 14.6Mb a month earlier. The bulk October volume was sent through the SOTE pipeline (10.8Mb) and the balance through OCP (4.14Mb). In recent days, non-renewable natural resources minister Wilson Pástor said the country aims to reach 525,000-530,000b/d crude output next year.

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