(Energy Analytics Institute, Piero Stewart, 10.May.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) on 9 May 2020 lifted the force majeure declared on 10 April declared due to breaks along the Trans-Ecuadorian Pipeline System (SOTE) and the Heavy Crude Oil Pipeline (OCP) caused by a nature event in the San Rafael waterfall sector between Napo and Sucumbíos.
The lifting of force majeure was made official by Resolution No. MERNNR-VH-2020-0011-RM, MERNNR reported 10 May in an official statement.
Ecuador — which officially exited the Organization of Petroleum Exporting Countries or OPEC earlier this year — plans to comply with shipment of 2,160,000 barrels of Oriente oil; 1,800,000 barrels of Napo oil; 950,000 barrels of fuel oil #6; and 380,000 barrels of fuel oil #4, which were rescheduled due to the force majeure declaration, without the state having to incur any contractual fine.
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