Ecuador Might Face $16B Loss as Protests Halt Oil Production
On Friday, Ecuador’s state-run oil company, Petroecuador, announced ‘force majeure’ in a Yasuní Amazon reserve field. This move follows protests by the Waorani ethnic group, impacting oil production. Starting December 25, the Kawymeno community’s protests led to a significant drop in oil output. Production decreased by about 17,000 barrels per day from the previous Wednesday. […]