Accessibility links

Breaking News

Ecuador's President Set to Travel to OPEC Meeting

Ecuador's president, Rafael Correa, is set to travel to Saudi Arabia this week for the upcoming OPEC summit, 15 years after the country left the international oil cartel.

OPEC countries' heads of states will meet in the Saudi capital, Riyadh, on Saturday November 17 for the two-day summit.

Ecuador left OPEC in 1992, but officials announced last month the country would officially rejoin the cartel at its next summit.

Ecuador produces more than 500,000 barrels of crude oil a day, making it the fifth largest producer in South America.

Venezuela is the only other Latin American country in OPEC.

Some information for this report was provided by AFP, AP.