This archive report was first published on 20 October 2019.
On October 13, 2019, Ecuador's President Lenin Moreno reached a deal with protest leaders to end 12 days of demonstrations against fuel price hikes.
As part of the agreement, Petroecuador, the national oil company, announced that oil production had recovered and the operation of the Trans-Ecuadorian Oil Pipeline System (SOTE) had been standardized.
"Oil production has recovered, so the operation of the Trans-Ecuadorian Oil Pipeline System (SOTE) has been standardized," Petroecuador stated.
Additionally, the company said that all suspended exports would be rescheduled in the coming days.
"All suspended exports will be rescheduled in the coming days," Petroecuador stated.
The unrest in the capital Quito had forced Moreno to relocate the government to the second city, Guayaquil, where more than two-thirds of crude distribution was frozen after protesters seized oil facilities in the Amazon nearly two weeks ago.
The agreement came after Moreno pledged to withdraw subsidy cuts that had more than doubled fuel prices, which were part of an austerity package to obtain a $4.2 billion loan from the International Monetary Fund to shore up the oil exporter's brittle economy.
