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Petroecuador Declares Force Majeure After Indigenous Protests

OIL

Ecuador’s state-run oil producer Petroecuador declared an FM Dec. 29 concerning operations at the Ishpingo field in the Amazon amid protests by indigenous communities, according to Reuters.

  • Protests have cut production at the field by around 17k b/d, Reuters said, citing a company statement.
  • The protestors accused Petroecuador of failing to meet commitments made over the last 4 years.
  • Ecuador's oil production is regularly affected by protests and power outages.

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