EP Petroecuador Declares Force Majeure Over Anti-Government Protests

Posted on 06/20/2022

EP Petroecuador is the national oil company of Ecuador. Ecuador who is a member of the Organization of the Petroleum Exporting Countries. Petroecuador declared “force majeure” across exploration, production, and transportation operations to avoid contract penalties. This is amid escalating protests against the government. Protestors have entered the oil fields in Ecuador. Ecuador has proven…

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