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
Tag: Ecuador
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
