Economy & Business - July 2004

ECUADOR: Buoyant oil exports

Andean Group 24 April 2007 Modified: 21 July 2004 195 views

Oil export revenues increased 50% in the first four months of 2004 to US$1.08bn. High oil prices are a boon to the struggling government of President Lucio GutiĆ©rrez, allowing it to buy off critics as it budgeted on an average oil price of US$20 a barrel for 2004. 

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