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Ecuador President predicted increase in oil prices to 200 dollars

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Baku, February 20 AZERTAC

In the medium term, the price of oil could rise to $ 200 per barrel. This was stated by the President of Ecuador, Rafael Correa, reports El Universo.

"Termination of investment that we experience in the oil sector, the closure of hundreds of drilling, for example in the United States, because drilling ceased to be profitable at such a low price — all this will lead to the fact that in the medium term will rebound in price to 200 dollars," said Correa.

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