Daily Management Review

Ecuador restores oil production volume after protests


The Ecuadorian Ministry of Energy announced restoration of oil production in the country after a number of fields in the Amazon, previously blocked by protesting Indians, returned to normal operation.

"After resuming activity in the oil fields of the Amazon region, the Ministry of Energy and Non-Renewable Natural Resources reports that national oil production has been recovered, reaching 527.459 barrels of oil per day by now," the ministry said in a statement on Twitter.

In early October, mass demonstrations of dissatisfied with economic reforms took place in Ecuador. A mobilization of indigenous representatives was announced to protest the government’s economic policies. The protesters, among other things, blocked operation of five oil fields, which led to the shutdown of the Trans-Ecuadorean Pipeline System. The President of Ecuador declared a state of emergency and moved his headquarters from Quito to the city of Guayaquil.

source: reuters.com

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