After crisis, Ecuador returns to export oil

After the period of demonstrations in Ecuador against the elimination of fuel subsidies and the consequent increase of up to 123% of gasoline and diesel prices, the company Petroecuador announced that the country resumed oil exports, which were suspended in October 9th.

The protests affected hundreds of wells and the transport of Oil from the fields in the Amazon to the Pacific. In spite of this, the state Government stated in reported that “the decision was made since the production of petroleum Recovers its volumes and the operation of the Trans-Ecuadoran oil pipeline system (SOTE) has also been normalized. “

The social crisis ended thanks to a government agreement Ecuadoran with indigenous people repealing the elimination of subsidies to Fuel, as it had been adopted at the request of the IMF (fund International Monetary Fund).


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