Ecuador Recovers From Protests as Oil Production Stabilizes

Ecuador Recovers From Protests as Oil Production Stabilizes

Ecuador Recovers From Protests as Oil Production Stabilizes

July 7, 2022--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petroecuador (Quito, Ecuador) aims to return to normal operations by the end of July after national strikes and unrest across the country impacted oil production. Energy operations were affected by 18 days of national unrest and strikes by indigenous groups who were demanding better living conditions and protection from the Ecuadorian government.

As a result of the protests, Petroecuador lost about 2 million barrels of oil production due to the shutdown of 959 wells in oil fields located in the northern provinces of Sucumbios and Orellana, according to a statement by the oil company. Throughout the 18 days of protests, Petroecuador's oil production was halved, resulting in a loss of US$513 million.

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