Latin American Herald Tribune | 9/15/2009 12:00:00 AM
Uribe: Colombia Oil Output Rising to 1.6 Million Barrels Per Day
Sept 15--President Alvaro Uribe said Monday he is confident the Andean nation’s oil production will rise to 1.6 million barrels per day from the current level of roughly 660,000 bpd.
Described as the biggest infrastructure project for transporting oil built in Colombia in the last decade, the new pipeline cost $560 million, covers a distance of 235 kilometers (146 miles) and has an initial capacity of 60,000 bpd and is set to be carrying 160,000 bpd in less than a year.
The pipeline will carry crude from the southern province of Meta to a pumping station in Casanare province, where it will connect with the National Transport System to be pumped to Coveñas, Colombia’s port for exports on the Caribbean.
Read more here.
Semana International delivers news about Colombia in English. Find more in our home.