Ecuador intends to return to OPEC membership: Correa

Quito (Platts)--14Mar2007

Ecuador intends to rejoin OPEC as a full member, Ecuador's President
Rafael Correa told reporters Wednesday.

"Our intention is to return to OPEC," he said. Correa said Ecuador's
overall plan is to join such blocks of producers. Venezuelan President Hugo
Chavez has been urging Ecuador to rejoin the producers' cartel. Ecuador quit
OPEC in the early 1990s.

Correa did not say when Ecuador would apply to OPEC for a renewal of its
membership.

--Carla Bass, newsdesk@platts.com