OPEC AND OIL PRICES
Venezuela to Lend 7.5mn Barrels to Ecuador for Export
Venezuela is to lend Ecuador a total of 7.5mn barrels of oil over 150 days -or 50,000 b/d - for export while repairs are carried out on Ecuador's Orientepipeline, which was severely damaged in an earthquake last week (MEES, 16March). The crude will be traded by the Ecuadorian state oil company CEPE atVenezuela's terminal on the island of Curacao in the Caribbean. According toEcuador's Energy...