Few oil-producing nations have been harder hit by the current cycle of low prices than Ecuador, but the Opec nation is trying to fight back with a new push to attract investment.
Heavily dependent on oil exports for its revenue, Ecuador has been receiving about $30 per barrel for its Oriente crude, $4 below its average production costs.
The Ecuadorian economy is expected to shrink in 2015 and President Rafael Correa has little room for the kind of fiscal stimulus that could make 2016 any better.
Ecuador
