Ecuador’s Oil Industry Is In Deep Crisis ...Middle East

OILPRICE - Economy
Ecuador’s Oil Industry Is In Deep Crisis
source : OILPRICE ( Middle East ) () 38
The last decade has been difficult for Ecuador’s economically crucial oil industry. Despite recent reforms and rising investment, the Andean country’s hydrocarbon sector is struggling to recover from the corruption and malfeasance which occurred during Rafael Correa’s administration. A combination of poorly constructed and corroded infrastructure, natural disasters and frequent civil unrest are causing numerous production outages that are weighing on the economy and fragile government finances. Violent protests have…

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