Protesters Occupy Andes Petroleum, Ops Suspended

Residents in Ecuador's Sucumbios province in the Amazon on Friday occupied Chinese oil consortium Andes Petroleum's installations and halted production, local press reported.

Residents are demanding the company hire local workers, according to reports, which added that Andes produces 50,000-60,000b/d in the area.

Company officials are trying to negotiate with protestors, reports said.

Earlier this year, saboteurs attacked a pipeline from Andes Petroleum's Tarapoa block to a Lago Agrio storage station.

Canadian oil firm EnCana (NYSE: ECA) in February this year closed the sale of its Ecuadorian oil and pipeline interests to Andes Petroleum for roughly US$1.42bn.

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