UPDATE 4-Ecuador to declare emergency, oil production falls

[struggle4progress]

QUITO, Ecuador, Aug 17 (Reuters) - Ecuador's government will declare a state of emergency in two Amazon provinces where protests have cut crude oil production by state-owned Petroecuador to 29,400 barrels per day from the usual 201,000 bpd, officials said on Wednesday.

Interior Minister Mauricio Gandara said the state of emergency will be declared by President Alfredo Palacio. Under a state of emergency the rights to free association and expression could be restricted and security forces would be allowed to retake control of oil fields.

Petroecuador's crude production has fallen to 29,400 bpd since residents of Sucumbios and Orellana provinces began invading oil camps and blocking highways on Monday, a company official said.

The protesters are demanding foreign oil companies operating in the region provide financing for infrastructure projects and more job opportunities. <snip>

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-08-18T002126Z_01_N17244917_RTRIDST_0_ENERGY-ECUADOR-PRODUCTION-UPDATE-4.XML

[Eloriel]

1. How 'bout some links to previous updates?

Since I didn't see a one of them? Thanks.

[Delphinus]

2. What in the world happened?!

I've not been on (almost) all day - what a thing to see right off the top!

[NNN0LHI]

4. I think the poster thought the "UPDATE 4" was your notation when...

...actually it was done by Reuters. Anytime Reuters adds additional information to the story they update their headline accordingly. I think thats what happened here anyway? Thanks for the post.

Don

[struggle4progress]

5. Yes, it's Reuters' notation. Sometimes I actually try to follow the LBN ..

.. "use exact headline" rule ...

[NNN0LHI]

6. Me too. If it all won't fit in the Subject line though I chop it...

...and then put the exact headline in the Message below the URL. That seems to work OK.

Don

[Roland99]

3. Don't worry. CAFTA will fix ALL of those problems. You'll see.

<snicker>

[sintax]

7. Ecuador 9th largest supplier to US

Crude Oil and Total Petroleum Imports Top 15 Countries
EIA Home > Petroleum > Petroleum Data Publications

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)

Country
Jun-05

CANADA
1,696

MEXICO
1,616

SAUDI ARABIA
1,564

VENEZUELA
1,292

NIGERIA
896

IRAQ
608

ANGOLA
397

ALGERIA
292

ECUADOR
288

UNITED KINGDOM
269

BRAZIL
212

COLOMBIA
207

KUWAIT
184

NORWAY
183

CHAD
136

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html