Abstract
Evidence of oil dependence in the Ecuadorian economy persists despite efforts to diversify the productive matrix. Obstacles in terms of investment, technology, and political and economic stability have hindered progress in this documentary direction and an analysis of secondary data. The present study aims to analyze oil dependence in Ecuador during the period 2018-2022. For this purpose, a documentary research methodology and an analysis of secondary data were used. The results indicate that, during this period, the Ecuadorian oil sector has faced a series of challenges that have limited its production and refining capacity. Factors such as operational problems, infrastructure limitations, and the impact of the COVID-19 pandemic have contributed to a decline in crude oil production, which has had a negative effect on the country's revenues and its competitive position in the global market. In addition, this article highlights the need for Ecuador to implement comprehensive strategies to reduce its dependence on oil, diversify its sources of income, and promote more sustainable long-term economic development.
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