Latin America · ECU · OPEC
Ecuador
OPEC’s Andean producer. Oriente barrels and a hydro grid that fails in drought.
Oil production
0.5 mb/d
0.3 mb/d demand
Net oil
+0.2 mb/d
Export surplus
Gas production
0 bcm
Net -0 bcm
O&G rent
8.5%
Fiscal breakeven $68
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.5 mb/d
Consumption0.3 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production0.4 bcm
Consumption0.5 bcm
Proven oil
8 bn bbl
Gas reserves
0.0 tcm
Refining
0.2 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil94%
- Gas6%
Economy
The budget is a pipeline to Esmeraldas. A 2024 OPEC return did not fix the fiscal hole.
- GDP
- $0.1 tn
- Population
- 18.2 m
- Oil intensity
- 0.8 bbl /$1k
- Oil & gas rent
- 8.5% GDP
- Hydrocarbon trade
- -4.2% GDP
- Fiscal breakeven
- $68 /bbl
- $30 oil shock
- +20.1 pp GDP
- Club
- OPEC
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.3 mb/d (net +0.4) versus NZE 0.2 mb/d (net +0.2).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.3 | 0.3 | 0.3 | 0.3 |
| Net Zero 2050 | 0.3 | 0.2 | 0.2 | 0.1 |
| Current Policies | 0.3 | 0.3 | 0.3 | 0.3 |