Ecuador May Return To OPEC

Ecuador is considering rejoining the Organization of Exporting Oil Countries (OPEC), although no final decision has been made, according to energy minister, Iván Rodríguez. Ecuador would become one of only two Latin American nations (the other being Venezuela) comprising the group. In fact, the country was an OPEC member between 1973 and 1992, when it left following disagreements regarding oil quotas. Venezuela has said it will support the return of Ecuador to the organization. OPEC members currently include: Venezuela, Saudi Arabia, Algeria, UAE, Indonesia, Iraq, Iran, Kuwait, Libya, Nigeria and Qatar.