Ecuador’s NOC Declares Force Majeure After Indigenous Protests ...Middle East

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Ecuador’s NOC Declares Force Majeure After Indigenous Protests
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Ecuador's state-run oil company, Petroecuador, has declared force majeure on three more oil blocks due to protests by the indigenous Kichwa community, just days after doing the same for another block.  The three blocks were jointly producing a total of about 142,000 barrels of oil equivalent before production fell to about 122,500 on Monday.  The indigenous community has accused the company of breaching agreements, though Petroecudor has said it remains open to dialogue.  Petroecudor produced just over 362,000 barrels…

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