Ecuador’s crude-oil export revenues totaled $1.06 billion in January, down 10% from December, the central bank said Wednesday. In terms of volume, Ecuador exported 11.57 million barrels of crude oil in January, a 12% decrease from the previous month. Crude oil is Ecuador’s main export, which the Andean country sends primarily to Asia, the U.S. and the Caribbean. The average price of crude oil in January increased 1% to $91.40 a barrel from the previous month. All of the oil was exported by Ecuador’s state-owned companies. The central bank also said Ecuador produced 17.05 million barrels of crude oil in January. Petroecuador, Petroamazonas and Rio Napo, the three state-run oil companies, produced 13.21 million barrels in January, while private companies produced the remainder. According to official projections, Ecuador could produce about 741,000 barrels of crude oil per day by 2019. Reaching this goal will require investments […]