News: our company constructed the South America Ecuador power station oil tank project successfully delivered!
Ecuador's oil industry has been 70 years of history: found in the Eastern oil fields,oil development in Guayaquil Bay area has been carried out for many years. But because of the oil and gas reserves in the area is limited, so at that time, the oil industry's scale is also quite small.
From 1972 onwards, with the Eastern Amazon rainforest area, a series of the discovery of oil, Ecuador's oil industry has been rapid development: in 1972,annual output of oil is only 28570000 barrels in 1973, rose to 76220000 barrels.Oil production after a few years may be some fluctuation, but by 1979, the annual output has increased to 78800000 barrels of oil.
After entering 80 age, petroleum production has entered a period of stable growth.Although the 1987 oil production once because of the earthquake. A major landslide, but the petroleum industry quickly from the impact of this natural disasterwas coming back, the whole 80 years, oil production average annual growth rate of 3.3%. The main problems of Ecuador's oil industry in this period is: because theindustry basically is by the state-owned national oil company of Ecuador a business, no greater involvement of private capital, so the capital investment andtechnology updates are inadequate.
Into the ninety's, the Ecuadorian government became aware of this problem, and the relevant legal framework is adjusted, allow private capital and foreign capital to provide service, technical support and the oil blocks into the oil industry, thepetroleum production in the early ninety's there was a rapid growth. But with 95 years of secret border conflict and the next few years, the domestic political and economic situation continued instability in the development of petroleum industry,once again plunged into semi stagnation. Especially, the state oil companyproduction, decline for 5 consecutive years in the 95 years to 99 years, until the 2000 show some recovery growth.
The main force of Ecuador oil industry is state-owned national oil company of Ecuador (PETROECUADOR): before 92 years, the government to relax foreign investment and private capital into the oil industry, the state oil company'sproduction has accounted for more than 97% of total output. In recent years, with the continuous development of foreign oil companies in the business, the state oil company share in domestic oil production decreased (the company's 2000 crude oil production accounted for 64.7% of national output), but it is still supportingpetroleum industry the main force.
Ecuador's national oil company, was established in 1972 in Ecuador national oil company CEPE (Corporacion Estatal Petrolera Ecuatoriana). In 1989, the Ecuadorian government by the promulgated Decree No. forty-fifth, will CEPE intoEcuador with independent legal person status of the national oil company(PETROECUADOR). The new company by the company and three subsidiaries, in the management, financing and management autonomy, the profit of 90% to theEcuador Treasury, the other 10% are used for the construction and development of. Several of Ecuador's national oil company, part of the functions are:
(1), total company (Petroecuador Matriz): the entire firm of development planning,coordination of all sub operations; management and foreign oil companies and oilcooperation bid invitation matters; and is responsible for international sales of oiland products. Under the international trade department, the Ministry of oil pipeline,tender Bureau, environmental protection bureau, research and DevelopmentBureau and other specific functions.
(2), oil production company (Petroproduccion): in charge of oilfield in eastern coastal areas of exploration and production.
(3), the oil industry company (Petroindustrial): in charge of fuel oil and otherpetroleum products.
(4), the petroleum sale company (Petrocomercial): in charge of the domestic sales of fuel oil.
