Badische Presse - Ecuador pipeline burst stops flow of crude

NYSE - LSE
RBGPF 0% 67 $
BTI 0.18% 55.85 $
BCE -0.42% 21.61 $
BCC -1.59% 77.76 $
CMSC -0.5% 20.508 $
RIO -2.35% 95.25 $
RYCEF -1.17% 19.67 $
GSK -2.03% 49.71 $
NGG -2.14% 75.25 $
CMSD -0.39% 20.34 $
JRI -2.09% 11.25 $
BP 3.12% 44.49 $
RELX 0.72% 33.22 $
VOD -1.65% 16.35 $
AZN -3.09% 163.33 $
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