Ecuador Country Analysis Brief - January 2014
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
Posted: January 22, 2014