October 19, 2017 / 6:24 PM / 2 years ago

Ecuador to request OPEC output cut exemption, seeking Saudi support

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger

TIPUTINI, Ecuador (Reuters) - Ecuador’s Oil Minister Carlos Perez said on Thursday the Andean country would request in November to be exempt from OPEC production quotas, citing fiscal problems due to lower crude prices.

Ecuador is seeking support from OPEC members including Saudi Arabia and Venezuela for the request, Perez told journalists during a visit at an oil field in the jungle.

Reporting by Alexandra Valencia; Writing by Alexandra Ulmer; Editing by Chizu Nomiyama

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