Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Colombia's Ecopetrol halts No.2 pipeline after rebel attack

Published 04/29/2016, 08:05 PM
Updated 04/29/2016, 08:10 PM
Colombia's Ecopetrol halts No.2 pipeline after rebel attack

BOGOTA (Reuters) - Colombian state-run oil company Ecopetrol has halted pumping on the country's No. 2 oil pipeline after a rebel bombing that sent crude spilling into a nearby river, a source at the company told Reuters on Friday.

The attack on the 485-mile (780 km) Cano-Limon Covenas pipeline caused a spill in Arauca province's Bojaba river, near the border with Venezuela, Ecopetrol said in a statement.

Clean-up crews were working to contain the spill, the company said, which so far was several kilometers away from drinking water sources.

President Juan Manuel Santos blamed the leftist National Liberation Army (ELN) rebel group for the attack.

The government and the ELN announced in March they would soon begin formal peace talks in Ecuador, after over two years of preliminary negotiations.

"It's inconceivable that this group, instead of giving concrete displays of peace, insists on kidnapping and attacking the infrastructure of Colombians, like it did today with another pipeline bombing, causing immense harm to the environment," Santos said in televised remarks.

The president will travel to Arauca on Saturday to meet with security officials.

Cano-Limon has the capacity to transport up to 210,000 barrels of crude daily from oil fields operated by U.S.-based Occidental Petroleum (NYSE:OXY), near the border with Venezuela, to the Caribbean port of Covenas.

Attacks by the ELN on oil installations have been a frequent occurrence during a conflict that has taken more than 220,000 lives and displaced millions over the past 52 years.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.