Colombia pipeline hit by new attack

Colombia's Bicentenario crude oil pipeline has been shut down after being damaged in a bombing by leftist rebels, the latest of regular explosions carried out by guerrillas on the country's oil infrastructure.

The consortium that owns the pipeline, led by state-run Ecopetrol (NYSE:EC) and Pacific Rubiales (OTCPK:PEGFF), does not know when the pipeline could reopen, although repairs to frequent attacks on Colombia's oil pipelines usually take place within a few days once the zone is secured.

Colombia is Latin America's fourth biggest oil producer with output of nearly 1M bbl/day, but the country has been hit by 67 attacks in H1 of the year following a total of 259 in 2013.

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