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Ecuador Begins Drilling for Oil in Amazon Nature Reserve

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This lush expanse of Amazon rainforest, close to the Yasuni Nature Reserve, will be home to an oil drilling operation from Ecuador's state oil company Petroamazonas for the first time ever, which seeks to tap into the large Tiputini oil field. Ecuadorian Vice-President Jorge Glas was present to inaugurate the drilling of the oil reserve, the biggest in the Andean country. The Tiputini field is expected to produce 1.67 billion barrels per year. After years of debate, Ecuadorian President Rafael Correa's government gave state-owned oil company Petroamazonas the green light to drill in the Ishpingo-Tambococha-Tiputini (ITT) block, just outside of the Yasuni nature reserve. Environmental activists had called for a referendum on the decision but this was denied by the Correa government. The decision has been met with criticism from indigenous-rights and environmental groups.

Added on the 08/09/2016 17:51:47 - Copyright : RT Ruptly EN

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