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WATCHING THE WORLD: Colombia’s 2020 oil vision
04/07/2008
Colombia hopes to raise its oil production to 1 million b/d by 2020—if its neighbors Ecuador, Venezuela, and Nicaragua will allow it.Colombia’s state-owned oil company Ecopetrol SA recently resumed sending oil through its trans-Andean oil pipeline after operations were suspended following several attacks in the southern provinces of Narino and Putumayo near the border with Ecuador.Ecopetrol normally sends about 60,000 b/d of oil through the pipeline from oil fields in the southern province of Putumayo to the Pacific port of Tumaco. The left-wing Revolutionary Armed Forces of Colombia, or FARC, are suspects in the multiple attacks on the pipeline.Attacks on pipelines by hostile ...
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