LatinNews Daily - 24 June 2022

In brief: Protests send Ecuador’s oil production into tailspin

* Ecuador’s state oil company, Petroecuador, has announced that ongoing anti-government protests, which began on 13 June, have forced it to reduce its oil production by nearly 40%. Petroecuador’s director, Ítalo Cedeño, said that 451,914 barrels of oil had not been produced due to the unrest, which has seen demonstrators blockade oil facilities. Cedeño said that this had led to the suspension of operations at 781 oil wells and 31 drilling rigs, costing the country an estimated US$45m. “Our operations are strategic and a public service,” Cedeño said. “The country is strongly feeling the consequences of the protests and the effects are disastrous.”

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