The primary problem is that at the main routes out of the Llanos and the Upper Magdalena Valley basin to Barrancabermeja and the Atlantic coast via Bogotá remain blocked. See the complete list of relevant blockages.
Our estimate of the average operating cost per barrel (based on realized oil price minus netback) has fallen for the last two quarters, having demonstrated a long term uptrend over the previous four years.
Ecuador’s NOC Petroecuador has signed an agreement with a handful of Colombia oil producers to transport crude from the Colombia-Ecuador border to the Amazonas station of the OCP Ecuador pipeline.
The national strike, led by coffee and agricultural workers, is now into its second week and as many as 33 national highways remain blocked due to protests throughout the country.
Following an early August resolution to restrict heavy trucks on Casanare roadways during weekends and holidays, the department’s secretary of public works Wilson Arenas has said in order to consider lifting the restrictions, oil producers must implement a safety protocol.
Members of municipal authorities questioned plans to extend the Carmentea Pipeline near the city of Yopal and accused oil operators in the region of not respecting rural communities and the environment.
The National Infrastructure Agency (ANI) has presented a CoP$7T (US$3.7B) budget for “megaprojects” to improve road infrastructure in the Meta Department, considering the increased oil production, agro-industrial development and general increase in the department’s commercial activity.
Ecopetrol’s transportation company Cenit is preparing a three pillared plan designed to reduce the industry’s costs associated with producing heavy crude as this takes a growing share of overall extraction in Colombia.
Citing a “high rate of accidents” due to the amount of heavy trucks on the roads in Casanare, the Casanare Secretary of Transportation has issued a resolution that prohibits heavy trucks, including the tankers carrying oil, from using the roadways on weekends on holidays.
The Bicentennial Pipeline (OBC) will alter the route of the second phase of the project in search of better security conditions, as well as considering geographical, environmental and logical issues.
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