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Free AccessEcuador's Oil Production Drops 45%
Ecuador’s oil production has been hammered by protestors across at least 10 oil fields, dropping production by 45% to 275,921 bpd on 22 June from 499,005 bpd on 12 June according to energy regulator ARC.
- The protests have asked for the government to reduce already subsidized fuel prices and provide other benefits to farmers.
- The fields impacted are both privately operated as well as state owned PetroEcuador fields.
- The ministry of energy said yesterday that 918 wells had to be shut in Sucumbios, Napo Orellana and Pastaza, provinces in the Amazonian region, because protesters had occupied or sabotaged the fields.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.