Hamburger Anzeiger - Ecuador pipeline burst stops flow of crude

NYSE - LSE
RBGPF 0% 65 $
RYCEF -1.03% 19.4 $
GSK -2.1% 47.18 $
CMSC 3.13% 20.16 $
NGG -0.65% 75.33 $
BCE -2.11% 19.92 $
VOD 1.4% 16.38 $
RIO -1.4% 92.87 $
BCC 0.74% 74.7 $
AZN -2.39% 157.7 $
RELX 0.93% 33.49 $
BTI -2.27% 53.19 $
BP 1.15% 44.5 $
JRI 0% 10.77 $
CMSD 2.61% 20.34 $
Ecuador pipeline burst stops flow of crude
Ecuador pipeline burst stops flow of crude / Photo: Handout - 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.

O.Meyer--HHA