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Ecuador Country Analysis Brief - January 2014

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The smallest oil producing member of Organization of the Petroleum Exporting Countries (OPEC) and fifth-largest oil producer in Central and South America, Ecuador is largely dependent on oil, which represented 76% of the country's total energy consumption in 2012.  Hydroelectric power was the second largest energy source.  Natural gas and non-hydro renewable fuels are also important to Ecuador's energy mix.  Ecuador's hydrocarbon resources are exclusively owned by the state, and changes to Ecuador's legal framework continue a trend towards policies of resource nationalism.

 

For more information on Ecuador’s energy sector, visit http://www.eia.gov/countries/cab.cfm?fips=EC

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