MassiveIndustry

(Fri, 11 Aug 2023) Petroleum liquids and renewable energy, specifically hydroelectric energy, account for most of Ecuador’s energy use. Ecuador’s energy production increased by a compounded growth rate of 0.5% per year from 2011 to 2021, and renewables accounted for most of the increase. Ecuador’s global share of petroleum and other liquids produced in 2021 was 0.6%, ranking fifth among oil producers in South America.