Troops Step In as Oil Exports Stymied
Ecuadorean troops took control of government buildings in two Amazon provinces and reinforced security at oil wells as they moved to quell protests that have slashed production and exports of crude, an officer said.
State-owned Petroecuador usually exports 144,000 barrels a day, but its production has dropped to zero. Production by private firms has also plunged.
Most of Ecuador’s oil exports go to the United States.
Protesters want foreign oil companies operating in the region to finance infrastructure projects and provide more jobs.