Journal De Bruxelles - Ecuador pipeline burst stops flow of crude

NYSE - LSE
BCC -1.09% 82.74 $
CMSD -1.33% 23.28 $
JRI 0.9% 13.29 $
NGG 0.05% 93.77 $
AZN 2.14% 208.45 $
BCE 2.43% 26.31 $
RBGPF 0.12% 82.5 $
RIO 0.25% 99.34 $
BTI -0.03% 62.65 $
CMSC -1.83% 23.45 $
GSK 1.79% 59.13 $
VOD -0.26% 15.36 $
RYCEF -0.33% 18.4 $
RELX 2.1% 34.79 $
BP 2.24% 38.86 $
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