ECUADOR

 
Published: Saturday 04 July 2015

The government of Ecuador has invited private bids to build a second 514-km oil pipeline under a 20-year operating concession. The 500-km state pipeline built in 1972, has already been expanded twice. Currently, Ecuador can produce a maximum of about 385,000 barrels per day. The hallmark of the new pipeline route is that it does not cross any national park or ecological reserve. In earthquake-prone zones, it would be buried to prevent disruption of supply. Alvaro Caravia, of Techint, an Argentinian company interested in bidding for the us $400 million project, said, "The new pipeline is an incentive for companies at the exploration stage." The new pipeline, called soco, will run from Sacha in north-eastern Ecuador to Balao on the north-western Pacific coast.

Subscribe to Weekly Newsletter :

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.