Badische Presse - Ecuador pipeline burst stops flow of crude

NYSE - LSE
CMSC -0.18% 21.75 $
CMSD -0.09% 22 $
JRI -0.39% 12.67 $
GSK -0.1% 51.48 $
RIO 1.92% 100.95 $
BCE -1.29% 21.72 $
BCC -2.38% 84.48 $
NGG -0.46% 80.055 $
RBGPF -1.79% 69.74 $
RYCEF 3.1% 21 $
BTI 0.15% 59.21 $
AZN 3.68% 161.56 $
VOD -2.45% 15.315 $
BP -2.15% 41.545 $
RELX -0.68% 36.55 $
Ecuador pipeline burst stops flow of crude
Ecuador pipeline burst stops flow of crude / Photo: © PETROECUADOR/AFP

Ecuador pipeline burst stops flow of crude

Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon.

Text size:

"The valves have been closed and oil pumping has been suspended," Petroecuador said in a statement.

The company blamed the incident on a landslide and it was not immediately clear if a spill occurred.

In a statement issued Monday night, the company said it doesn't immediately foresee shutting down oil wells.

The "Trans-Ecuadorian" pipeline has a capacity to pump 360,000 barrels a day.

In March, more than 25,000 barrels spilled in the northwestern coastal province of Esmeraldas.

Oil is one of Ecuador's primary exports. Last year, the country sold $8.6 billion worth of crude oil.

In 2024, Ecuador produced an average of 475,000 barrels a day, of which more than 70 percent was exported.

Almost half of the exports go to North America.

F.Hoffmann--BP