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Ecuador's oil export revenue fell by 44

2022-08-17

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Ecuador's oil export revenue fell by 44%

the Central Bank of Ecuador said that looking ahead, Ecuador's crude oil export revenue in January this year was $598million, a sharp decrease of about 44% over the same period last year

this technology has attracted widespread attention in the industry. Low oil prices are expected to drag down the country's economic growth, because oil revenue accounts for about a quarter of the country's government revenue and about half of its export revenue. Economists said that Ecuador's economic growth will slow to 1% to 2% this year

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