Petroecuador reaches agreement with protesters for access to oil field

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QUITO, June 25 (Reuters) – Ecuadorian state-owned oil company Petroecuador on Friday announced it had reached an agreement with an indigenous community to end a protest that blocked access to one of its largest oil fields in the region Amazonian.

The indigenous Kichwa El Eden community began blocking access to facilities at Block 12 Eden-Yuturi on May 10 to demand a new compensation contract for nearby residents after a previous inspired deal. Petroecuador declared a force majeure event on June 4, which normally produces around 28,500 barrels per day (bpd) of crude.

Petroecuador said in a statement that as part of the deal to lift the roadblock, he would sign within 60 days a five-year agreement with the community to provide social benefits to some 1,000 people living in the community. saying zone of influence of the oilfield.

These benefits included funding for drinking water, upgrading electricity services, and improving a health center. Leaders of the protest could not be reached immediately for comment.

Ecuador produces around 500,000 b / d of crude in total and relies on oil exports for much of the government (Alexandra Valencia Report Written by Luc Cohen Editing by Marguerita Choy)



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