OPEC
Ecuador Will Not Quit OPEC: Colombia Will Not Join
The Ecuadorian Energy Minister, Mr. Javier Espinosa, has denied that Ecuador is planning to leave OPEC following the OPEC conference in Vienna last week. Ecuador's request for a 100,000 b/d increase in its quota, from 183,000 b/d to 283,000 b/d, was refused at the conference, after which the Ecuadorian delegation withdrew.
At the same time, another South American country which expects to begin exporting oil next year -...
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