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Ecuador - Issues and options in the energy sector (Inglês)

The main energy issues in Ecuador concern petroleum exploration, development of existing oil fields, the role of the State Petroleum Corporation (CEPE), inadequate energy pricing, and the power sub-sector's financial difficulties. Petroleum exploration is the key investment priority in Ecuador's energy sector. The country is so dependent on oil that whatever happens to the volume of oil production or to oil prices overshadows developments in the rest of the economy. In accordance with the country's requirements and good prospects for future oil discoveries, the overall strategy for the petroleum sub-sector should aim to increase current petroleum production as long as production is backed by a strong exploration program. The role of CEPE should be redefined and the government should take actions to implement its decision. CEPE is not able to function as an efficient oil company mainly because of limited exploration involvement, and insufficient autonomy. Petroleum pricing policy involves heavy subsidies with retail prices roughly 50 percent of economic cost, and power tariffs exceedingly low when compared to marginal cost. The power sub-sector has been facing serious financial difficulties for a number of years and only became apparent at the turn of the decade.

Detalhes

  • Data do documento

    1985/12/31

  • TIpo de documento

    Relatório Econômico ou Setorial Pré-2003

  • No. do relatório

    5865

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Equador,

  • Região

    América Latina e Caribe,

  • Data de divulgação

    2010/07/01

  • Disclosure Status

    Disclosed

  • Nome do documento

    Ecuador - Issues and options in the energy sector

  • Palavras-chave

    abundant energy,allocation of resources,ASSESSMENT PROGRAM,balance of payments,Barrel,barrels of oil,Biogas,Biomass,Biomass Energy,Charcoal,Commercial Energy,Commercial Energy Consumption,consumption of energy,cooking,Crude Oil,crude oil exports,Crude Oil Production,debt,demand for electricity,Diesel,domestic energy,Economic Analysis,economic conditions,economic development,Economic Growth,Economic Situation,Efficient Use,Electric Company,Electric Power,Electricity,Electricity Growth,Energy Balance,Energy Conservation,Energy Costs,Energy Demand,energy demand management,Energy Demand Projections,energy efficiency,energy efficiency standards,energy planning,Energy Prices,energy resources,energy savings,ENERGY SOURCES,exchange rate,expenditures,exploitation,Final Energy Demand,financial resources,flexibility,floods,Forestry,freight transport,Fuel,Fuel Oil,Fuelwood,Gas Development,Gas Reserve,Gas Utilization,gas utilization study,Heavy Crudes,high oil prices,Household Sector,Hydrocarbons,imports,income,Industrial Sector,inflation,irrigation,Kerosene,legislation,Liquefied Petroleum Gas,marginal cost,Marginal Costs,Mineral,national energy,National Oil,NATURAL GAS,natural resources,oil,oil company,oil consumption,oil equivalent,oil exploration,Oil Field,oil fields,oil prices,oil production,Oil Reserves,oil revenues,OPEC,Opportunity Costs,Organization of Petroleum Exporting Countries,peak demand,petroleum,Petroleum exploration,petroleum exports,Petroleum Gas,Petroleum imports,petroleum legislation,petroleum market,petroleum policies,petroleum prices,Petroleum pricing,Petroleum Product,Petroleum product pricing,petroleum production,Petroleum Products,petroleum reserves,Petroleum Resources,Petroleum Supply,pipeline,pipeline transportation,pipelines,potential energy,power generation,price of gasoline,primary energy,proven oil reserves,refineries,Refining,reflection,Rural Electrification,sediments,Solar Energy,total consumption,Transport Costs,Water Heating,Wind Energy,world oil

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