​Ecuador losing money on every barrel of oil it produces

​Ecuador losing money on every barrel of oil it produces Production of oil barrel of Oriente is estimated at 39 USD, and the market value of a barrel of Ecuador is 36,67 USD
Energy
August 27, 2015 11:54
​Ecuador losing money on every barrel of oil it produces

Baku. 27 August. REPORT.AZ/ Ecuador is the first country of the Organization of Petroleum Exporting Countries (OPEC), which began to sell oil at a loss, Report informs citing BBC.

At the end of July Daily production volume amounted to 538,000 barrels a day. Production of oil barrel of Oriente is estimated at 39 USD, and the market value of a barrel of Ecuador is 36,67 USD.

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