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Ecuador's Jan-May oil exports up to $2.95 bln
Petroleumworld
CARACAS
Petroleumworld.com 07 12 06
Ecuador's oil export revenues when up in May 58%, an increase from the $1.87 billion registered in the same period of 2005. May exports totaled $2.95 billion between January and May, the central bank said Tuesday.Ecuador exported 59 million barrels (mb) in the first five months of 2006, up 9% from the 54 mb shipped one year early.
The average price of crude in the five months increased 43% to $49.89 per barrel from $34.84 a barrel reported in 2005 period, according to the central bank.
The official data show, thay of the total exported by the country between January and May, 32.02 mb, or 54%, were sold by private companies operating in Ecuador. The remaining 26.98 mb or 46% was exported by state-run Petroecuador.
Petroleumworld 07 12 06
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