Colonial Pipeline restarts after hack, but supply chain won’t return to normal for a few days

  • Date: 13-May-2021
  • Source: CNBC
  • Sector:Oil & Gas
  • Country:Gulf
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Colonial Pipeline restarts after hack, but supply chain won’t return to normal for a few days

Colonial Pipeline restarted operations Wednesday at approximately 5 p.m. ET after a ransomware attack last week forced the entire system offline on Friday evening. The company did warn, however, that its pipeline would not be fully functional immediately. "Following this restart it will take several days for the product delivery supply chain to return to normal," Colonial said in a statement. "Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal," the company added. Shortly before Colonial's restart announcement, President Joe Biden had said to expect "good news" from the company in the next 24 hours. He added that the White House had been in "very close" contact with the company. The majority of the Colonial Pipeline, which operates the largest fuel transmission line from the Gulf Coast to the Northeast, has been offline since Friday. The company shut down its systems as a proactive measure after it fell victim to a ransomware attack by a criminal group known as DarkSide. The pipeline is a critical