Ecopetrol declares force majeure on some Vasconia deliveries

|About: Ecopetrol S.A. (EC)|By:, SA News Editor

Colombia's Ecopetrol (EC +0.3%) declares force majeure on some deliveries of medium Vasconia crude after the Cano Limon-Covenas pipeline was damaged by a series of attacks by leftist guerillas.

The pipeline has been shut since a March 25 blast, and EC says normally speedy repairs could not take place because of objections made by an indigenous community near the blast site.

Occidental Petroleum (OXY +1.1%), which like EC relies on the pipeline to pump oil to the Caribbean coast from the OXY-operated Cano Limon oil field, says it suspended some contractors due to the pipeline's closure.