Journal De Bruxelles - Ecuador pipeline burst stops flow of crude

NYSE - LSE
CMSC -0.37% 24.33 $
RBGPF 0% 76.6 $
CMSD 0.12% 24.55 $
AZN -0.8% 77.07 $
SCS 1.47% 16.98 $
GSK -0.15% 40.3 $
RIO -1.63% 61.98 $
BTI -2.02% 54.92 $
BCC 1.3% 81.52 $
RYCEF -0.2% 15.35 $
BP 0.75% 34.56 $
BCE -1.69% 23.1 $
JRI -0.14% 13.83 $
NGG -1.66% 69.99 $
RELX 1.09% 47.61 $
VOD -2.01% 11.43 $
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.

X.Maes--JdB