Seeking Alpha

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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs