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.

15 de septiembre de 2009

“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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