Colombia and Venezuela to Link Oil Pipelines in Border Zone

Bloomberg – Colombia and Venezuela will sign an accord to link oil pipelines in an area bordering the countries, Colombia’s Foreign Minister said.

The agreement will join the Cano Limon-Covenas pipeline, owned by Colombia’s state-controlled oil producer Ecopetrol SA (ECOPETL), with Petroleos de Venezuela SA’s Guafita pipeline, Maria Angela Holguin said today in remarks distributed by the Foreign Ministry’s press office. The accord will give Colombia more ways to export crude produced in its eastern plains, she said.

The Cano Limon-Covenas pipeline has been attacked a number of times by rebel groups in recent weeks. An explosion Oct. 5 halted transportation of oil to Colombia’s Caribbean coast, Bogota-based Ecopetrol said Oct. 7.

Colombia’s largest rebel group, The Revolutionary Armed Forces of Colombia, or FARC, is currently engaged in peace talks with the Colombian government in Havana.

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