Petroecuador reverses plans to call force majeure

Thu Feb 28, 2008 8:39pm EST
 
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QUITO, Feb 28 (Reuters) - Ecuador's state oil firm, Petroecuador, has reversed its decision to call force majeure and halt exports on Friday after a key pipeline was shut, the company chief said on Thursday.

"We changed our decision and we are not going to call force majeure," Petroecuador President Fernando Zurita told Reuters after first saying the company was going to suspend exports. "We are going to do a bypass or use the private pipeline to transport the crude." (Reporting by Alonso Soto; editing by Carol Bishopric)

 

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