"Ecuador's new fracking project in the Amazon, located in Block 57, is producing more than 930 barrels a day, representing a significant milestone for the country's oil production efforts."
"The government of President Daniel Noboa is committed to increasing oil exploration and infrastructure funding, aiming to attract more foreign investments despite environmental concerns."
Ecuador has begun hydraulic fracturing, or fracking, in the Amazon rainforest, specifically in the Sucumbios province. The project, conducted by Petroecuador and a subsidiary of China's CCDC, is producing over 930 barrels of oil daily. This initiative is seen as a milestone for the country's oil production, which has faced declines due to aging infrastructure and underinvestment. The government aims to increase oil exploration and attract foreign investments, despite facing opposition from environmentalists and Indigenous groups concerned about the environmental impact.
Read at www.dw.com
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