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2024

Ecuador starts to shut down oil drilling on nature reserve

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The Ecuadorean government on Wednesday began the process of shuttering oil wells in the 43-ITT block, located on a vast nature reserve, after voters last year backed a referendum to end drilling in the area on environmental concerns.

The energy ministry said in a statement it closed one of the 247 wells in the block, the Ishpingo B-56well, part of a plan expected to take around five-and-a-half years.