Ecuador’s NOC Declares Force Majeure After Pipeline Leak ...Middle East

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Ecuador’s NOC Declares Force Majeure After Pipeline Leak
source : OILPRICE ( Middle East ) () 76
Ecuador's state-run oil company, Petroecuador, has declared force majeure at the operations of its SOTE pipeline after a landslide ruptured the pipeline, releasing tens of thousands of barrels of oil. Petroecuador has yet to determine the size of the spill, but has so far removed 225,000 cubic metres of material that collapsed on the pipeline. The company says the force majeure will last up to 60 days in a bid to give it enough time to take all necessary actions to minimise the incident. Petroecuador added it has enough oil in its inventories to…

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