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Ecuador says pipeline break won't hit oil exports
QUITO
Petroleumworld.com, Mar 03, 2008Ecuador, a South American OPEC member, announced Friday that a pipeline break a day earlier would not affect the country's oil exports.
A source at the state-run oil firm Petroecuador said Thursday that oil exports were suspended when a landslide cut off its main pipeline.
Petroecuador said the main pipeline connecting oil fields in the Amazon jungle to the port city of Balao was severed by a rain-induced landslide that also took out 70 meters (yards) of a highway near Baeza. It carries 331,200 barrels per day.
But "this is not going to affect whatsovever Ecuadoran oil exports because we have the alternative of transporting our crude through the OCP," Mining and Petroleum Minister Galo Chiriboga said, referring to a heavy crude pipeline that can handle 450,000 barrels per day.
Story from AFP
AFP 29 1818 GMT 02 08
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