February 5, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Ecuador's state-owned energy company Petroecuador (Quito, Ecuador) reported total production of 390,000 barrels of oil equivalent per day (BOE/d) for all of 2024, which was 1.3% below 2023. The company's volumes were maintained, despite the closure of one of its largest assets.

In 2023, Ecuadorians voted to shut down the Ishpingo-Tiputini-Tambococha block, known as the ITT, to protect the Amazon rainforest and indigenous communities living nearby. The asset is one of the largest producing blocks for Ecuador.