Ecuador has announced that it will partially suspend crude oil exports while it checks the safety of two Amazon oil pipelines after a bridge collapse. in 2022 said two wells would be shut down in stages after a bridge across the Marker River in Napo County collapsed next to two pipes.
The lines were not affected, but the company suspended some operations as a precaution. She hopes to start pumping again within a week. French said the government has declared “force majeure,” meaning the company will not be penalized for failing to meet customer requests.
Petro-Ecuador did not specify when or how this would affect exports, but said it would keep customers updated on the situation.
Crude oil makes up the bulk of the exports of Ecuador, a South American country.
Last year, oil accounted for two-thirds of its total production and generated about $10 billion in revenue, accounting for 10% of gross domestic product.
