Ecuador's state-run company, Petroamazonas, expects to increase its oil production 3% to about 160,000 barrels per day in 2012, the company general manager, Oswaldo Madrid said Wednesday.
Ecuador
's
state-run company, Petroamazonas, expects to increase its oil production 3% to
about 160,000 barrels per day in 2012, the company general manager, Oswaldo
Madrid
said
Wednesday.
Madrid
also
said during a press conference that the company plans to begin oil production
in block 31 next year at 18,000 barrels per day.
Block 31 has 200,000 hectares, mostly within the
Yasuni
National
Park
, which Unesco has declared a world biosphere
reserve.
Block 31 is expected to produce a maximum of about 25,000 barrels per day in
2014.
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