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Caribbean-Latin America
Ecuador's army regains control of oil installations
2005-08-21
Ecuador's army has regained control over a number of oil installations that slowly resumed crude oil production after protestors crippled it in the Amazonian region of the country last Thursday. The British Broadcasting Corporation (BBC) Saturday quoted Energy Minister Ivan Rodriguez as saying the economic impact was "worse than any war". Officials estimate oil production will not return to normal until November. Protesters want some of Ecuador's oil money to be invested in the region. They want more of the country's oil wealth to be spent on infrastructure and new jobs. Ecuador is the fifth biggest oil producer in South America.

The army has used tear gas to disperse some of the protesters amid clashes that have left dozens injured. Correspondents say the unrest is the worst faced by President Alfredo Palacio since he came to power in April, the BBC added. According to the president of the country's Petroleum Industry Association, oil revenues have been put towards paying for both state sector salaries and a significant amount of the national debt.
Posted by:Fred

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