Ecuador Oil Minister: Force Majeure Ends, Oil Production Resumes
Ecuador Oil Minister Galo Chiriboga announced March 3 that the country has ended the force majeure on oil exports and resumed production.
Chiriboga made the announcement to reporters after arriving at the meeting of the Organization of Petroleum Exporting Countries in Vienna, Austria.
Oil exports were suspended due to the possibility of "unavoidable external events" on Feb. 29 after a main oil pipeline was ruptured by a landslide last week.
Chiriboga told reporters in Vienna "It is over. We are operating without any complications…The pipeline has been repaired. It began to operate this morning normally," and output has resumed at 510,000 bbl/d.
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