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During President Noboa's visit to the UAE, Petroecuador and Abu Dhabi National Oil Company signed a memorandum of understanding for direct crude oil trade and refined product imports — cutting out intermediary traders.
EP Petroecuador reported field production of approximately 370,000 barrels per day in January 2026, with the Sacha and Auca blocks leading output. While below peak levels, the steady numbers support government revenue forecasts and reduce the risk of mid-year austerity cuts.
