AIRLINK 69.26 Decreased By ▼ -3.80 (-5.2%)
BOP 4.90 Decreased By ▼ -0.19 (-3.73%)
CNERGY 4.22 Decreased By ▼ -0.15 (-3.43%)
DFML 30.75 Decreased By ▼ -1.70 (-5.24%)
DGKC 76.80 Increased By ▲ 1.31 (1.74%)
FCCL 19.99 Increased By ▲ 0.47 (2.41%)
FFBL 35.00 Decreased By ▼ -1.15 (-3.18%)
FFL 9.20 Decreased By ▼ -0.02 (-0.22%)
GGL 9.80 Decreased By ▼ -0.05 (-0.51%)
HBL 112.80 Decreased By ▼ -3.90 (-3.34%)
HUBC 133.07 Increased By ▲ 0.38 (0.29%)
HUMNL 6.95 Decreased By ▼ -0.15 (-2.11%)
KEL 4.19 Decreased By ▼ -0.22 (-4.99%)
KOSM 4.27 Decreased By ▼ -0.13 (-2.95%)
MLCF 36.36 Increased By ▲ 0.16 (0.44%)
OGDC 132.40 Decreased By ▼ -1.10 (-0.82%)
PAEL 22.29 Decreased By ▼ -0.31 (-1.37%)
PIAA 24.18 Decreased By ▼ -1.83 (-7.04%)
PIBTL 6.44 Decreased By ▼ -0.11 (-1.68%)
PPL 116.00 Increased By ▲ 0.69 (0.6%)
PRL 25.79 Decreased By ▼ -0.84 (-3.15%)
PTC 13.06 Decreased By ▼ -1.04 (-7.38%)
SEARL 51.94 Decreased By ▼ -1.51 (-2.83%)
SNGP 67.75 Increased By ▲ 0.50 (0.74%)
SSGC 10.55 Decreased By ▼ -0.15 (-1.4%)
TELE 8.26 Decreased By ▼ -0.16 (-1.9%)
TPLP 10.75 No Change ▼ 0.00 (0%)
TRG 59.21 Decreased By ▼ -4.66 (-7.3%)
UNITY 25.15 Increased By ▲ 0.03 (0.12%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 7,394 Decreased By -67.3 (-0.9%)
BR30 23,894 Decreased By -277.8 (-1.15%)
KSE100 70,669 Decreased By -433.9 (-0.61%)
KSE30 23,246 Decreased By -148.3 (-0.63%)
Markets

Ecuador lifts force majeure on crude output after pipeline restarts

  • State-run oil company Petroecuador had halted the pipeline last week as a preventative measure against possible environmental damage due to soil erosion in the Amazon region.
  • The pipeline resumed operations on Monday after Petroecuador finished const
Published June 10, 2020

QUITO: Ecuador's energy ministry on Tuesday said it had lifted a force majeure declaration on crude oil exploration and production due to the restart of the 360,000 barrel-per-day SOTE pipeline.

State-run oil company Petroecuador had halted the pipeline last week as a preventative measure against possible environmental damage due to soil erosion in the Amazon region. That prompted the ministry to declare force majeure on crude output on June 4. Exports were not affected.

The pipeline resumed operations on Monday after Petroecuador finished construction of two variants.

Comments

Comments are closed.