The Ecuadorian state oil company stopped work because of protests

The Ecuadorian state oil company Petroecuador stopped work and declared force majeure under the contracts because of protests, reports information agency "ITAR-TASS". "The decision to qualify [current situation] as an unforeseen event, or force majeure, in operations on investigation, production, transportation [oil products] in national and international trade" is made — specified in the message. It is noted that mass riots during protests mentioned logistic routes, created obstacles for transportations oil and oil products. Protesting got also on fields and oil fields...