Ecuador still technically OPEC member

Mar 15, 2007 01:00 AM

Ecuador is still technically a member of OPEC and can resume its membership at any time, OPEC president Mohamed bin Dhaen al-Hamli told after the oil cartel's Vienna talks.
Hamli, who is the UAE's oil minister, said Ecuador had "suspended" rather than relinquished its membership in 1992 and could resume it "at any time."
Ecuadorean president Rafael Correa told that his "intention is to return to OPEC."

An OPEC communique released November 27, 1992, said: "The conference regretfully accepted the wish of Ecuador to suspend its full membership in the organization. However, recognizing the current economic constraints facing that country, the conference hopes that Ecuador will be able to overcome these difficulties and rejoin the organization in the not too distant future."
OPEC president Hamli was also asked whether OPEC was discussing membership with Sudan. "There is no official communication [from Sudan] about joining OPEC," he said.

Source: Platts
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