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Ecuador's energy situation : analysis of current problems, short-term and medium-term policy guidelines and repercussions on the economy (Английский)

Despite the drastic decline in world oil prices, Ecuador's economy continues to be strongly dependent on oil production and exports. Ecuador's energy sector faces a number of problems: limited reserve potential of hydrocarbons, heavy subsidy of energy prices, and financial and legal constraints within which the Ecuadorian State Petroleum Corporation (CEPE) and the Ecuadorian Electrification Institute (INECEL) are forced to operate. With a reserves-to-production...
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