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Tuesday, August 23, 2005

Ecuadorian Rebellion Over Oil Wealth `

From the Miami Herald: "Soldiers regained control of a number of oil wells in Ecuador's northeastern Amazon region on Friday after six days of protests brought oil production to a halt and prompted the government to declare." The recovery represents 20 of the 80 wells in the Libertador oil field. Although 25%, these are apparently the lesser wells, representing less than 15% (30,000 of 201,000 barrels) of previous daily output.

The basic shakedown that the local people and elected officials want wider distribution of the oil wealth. That is, they'd like to see some of the benefits. Predictably, the soldiers and "Petroecuador" have other ideas.
# posted by atz at 8/23/2005 11:01:00 PM
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