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Petroecuador
EP Petroecuador (''Empresa Estatal Petróleos del Ecuador''; ''Empresa Pública Petroecuador''; meaning: State Petroleum Company of Ecuador) is the national oil company of Ecuador. Ecuador who is a member of the Organization of the Petroleum Exporting Countries (OPEC) and, although it is the smallest member, the country produced 526,000 barrels of crude oil per day in 2012. The oil corporation is a significant part of the Ecuadorian economy. The petroleum industry has expanded to the production of refined commodities such as gasoline, liquefied petroleum, and jet fuel. The government of Ecuador is highly dependent on the revenues from the energy sector to support its budget and finance state projects.
==History==
Petroecuador is a state-owned enterprise, founded on September 26, 1989. It is the successor to ''Corporación Estatal Petrolera Ecuatoriana (CEPE)'' which was formed in 1972. In 1973 Ecuador granted Shell Oil drilling concessions. In 1964, Texaco was also invited. From 1977, Texaco became the majority owner (62.5%) until it transferred ownership back to the Ecuadorean state in 1992, maintaining a 37.5% ownership. The transfer of ownership was due to political policies within Ecuador limiting foreign ownership as well as the decision not to re-new the contracts.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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