Ecuador suspends oil exports amid tsunami threat

Posted on March 12, 2011 • Filed under: Business, Ecuador, Oil, Weather/Climate

Ecuador said late Friday it had suspended crude oil exports of 342,000 barrels a day as long as a tsunami threat remains in place following the major 8.8-magnitude earthquake that devastated Japan earlier in the day.

Ecuador’s official oil company said it had declared “force majeure” on all crude exports and notified foreign companies that buy Ecuadorian crude oil. Read Article

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