Latin American Herald Tribune
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.
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“I want to derive some goals from the way things stand today: first, that Colombia will have oil while the world uses oil; second objective, that Colombia will produce a minimum of 1.6 million barrels of oil per day and substantially increase gas production,” he said at the inauguration of a pipeline.
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.
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