Ecuador
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Power Markets
Ecuador's Petroecuador declares force majeure over Napo crude exports, sources say
Sources said that Ecuador's Petroecuador state oil company declared force majeure on exports of Napo heavy oil due to the closure of a pipeline and oil wells caused by heavy rains. The weekend's intense rains forced the closure of three hydroelectric power plants, the suspension a major heavy crude pipeline run by private companies, and the temporary closing of wells that produce heavy oil. The rains of this week were followed by a nationwide power outage, which affected residential users, hospitals, and the subway system in the capital. The government blamed the outage on a malfunctioning transmission line. OCP, a
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Energy Markets
Ecuador's Noboa states energy emergency situation, names interim minister
Ecuadorean President Daniel Noboa declared an energy emergency situation on Tuesday and named an interim energy minister, as the South American country struggles with a dry spell affecting hydroelectricity production. Today we took a strong decision, when again we had to, which is to state an emergency situation in the nation's energy sector, Noboa said at a federal government event in the western city of Guayaquil. I have asked the minister to resign. Former energy minister Andrea Arrobo was changed on an interim basis by Transport Minister Roberto Luque, who will likewise keep his other post, Noboa's office stated in