Ecuador on alert over huge Chinese fishing fleet off Galapagos Islands

News: Ecuador is on alert due to the appearance of Chinese fishing boats off its Galapagos Islands. Facts: Galápagos Islands: It is an archipelago of volcanic islands distributed on either side of the equator in the Pacific Ocean.It is administratively a province of Ecuador. Formation: The islands were formed at the meeting point of three… Continue reading Ecuador on alert over huge Chinese fishing fleet off Galapagos Islands

Ecuador to withdraw from OPEC in January 2020

News:Ecuador has decided to withdraw from 14-nation Organization of the Petroleum Exporting Countries (OPEC) from 1 January 2020. Facts: Ecuador has taken this decision in the backdrop of internal fiscal problems. The country is attempting to increase its production of crude oil in a bid to raise more income.  Further, Ecuador had also asked Opec… Continue reading Ecuador to withdraw from OPEC in January 2020