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Ecuador Halts Oil Exports Following Bridge Collapse

Ecuador has announced it will partially suspend crude oil exports as it examines the safety of two Amazon pipelines after a bridge collapse. State-owned company Petro-Ecuador, which is responsible for 78 percent of total crude extraction of the country and produced about 481,000 barrels a day in 2022, it said two wells will be shut down gradually after a bridge over the Marker River in Napo County collapsed near the two pipes.

The lines were not affected, but the company suspended some operations as a precaution. He hopes to start pumping again within a week. The government declared “force majeure,” meaning the company won’t face penalties for failing to meet customer requests, according to French.

Petro-Ecuador did not specify when and how exports will be affected, but said it would keep customers informed of the situation.

Crude oil forms the major part of the exports of Ecuador, the South American country.

Oil accounted for two-thirds of its total output last year, with revenues of about $10 billion, or 10% of gross domestic product.


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