The protests also led to food and medicine shortages and severely impacted the oil industry, Ecuador’s main source of income, according to energy ministry figures.
The agreement could lift a declaration of force majeure over state-run Petroecuador’s exports of Oriente crude oil by 7 July, a company executive said. The protests had cut daily oil production by more than half the prior level.
Protests organised by indigenous organisation CONAIE erupted across Ecuador on 13 June, with demonstrators’ demands including lower fuel prices and limits to further expansion of the mining and oil industries. Source: AAP / EPA
The energy ministry said a power station was being put back in service following the withdrawal of demonstrators and a nine-day suspension of service, another step to normalising the energy industry.
Mr Lasso’s adversarial relationship with Ecuador’s national assembly deteriorated during the protests. Opposition lawmakers pushed a vote to oust him earlier this week, which he narrowly survived.
Ecuador’s pre-crisis oil production of some 500,000 barrels per day had fallen to 234,310 as of Wednesday after more than 1,200 wells were shut.
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