Petroecuador Plans to Militarize Oil Ops

Ecuador’s state oil company Petroecuador plans to sign an agreement next week with the nation’s armed forces to protect all oil production operations in the country, Petroecuador said in a statement.

The agreement aims to stop theft, the cutting of secondary pipelines and other attacks faced by Petroecuador’s production subsidiary Petroproduccion. Private companies in the country suffer similar circumstances.


Petroecuador lost US$40mn from January-May this year as a result such attacks, which are blamed on local residents.

The most recent took place on the Lago Agrio field, where production was cut more than 3,500b as a result.

BNamericas