Watching Government: Ecuador's solutions

Economic pressures continue for Ecuador, and increasing oil revenues is its best hope for relief.Oil exports are Ecuador's leading source of foreign earnings. In the first 9 months of the year, those exports injected $1.6 billion into the economy.Recently, the financially strapped government made a deal to sell crude in advance to Uruguay's state oil company ANCAP and Nicaragua's Petronic. But the big oil news last month was Ecuador's Pres. Gustavo Noboa's decision not to decide on a heavy oil export pipeline.Two consortia have been competing to build the line across the Andes Mountains. Noboa was expected to pick a winner. Instead, he deferred the decision to Energy M...

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