Tag: Yasuni National Park

• Friday, August 16th 2013 - 17:46 UTC

  Ecuador ‘forced’ to drill for oil in pristine Amazon rainforest; ‘rich countries have failed us’

  

  Ecuador has abandoned a conservation plan that would have paid the country not to drill for oil in previously untouched parts of Yasuni National Park in the Amazon rainforest. President Rafael Correa said rich nations had failed to back the initiative, leaving Ecuador with no choice but go ahead with drilling.

• Tuesday, December 6th 2011 - 18:21 UTC

  Repsol-YPF extracts almost 10% of Ecuador’s oil production

  

  Repsol-YPF has raised its output in Ecuador to 45.000 bpd thanks to two new wells in the Amazon region, although the Spanish oil major still is forecasting a steady decline in production in the coming years, company executives said.