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Colombia, Venezuela to link oil pipelines at border after recent rebel attacks

10.17.2013  | 

The agreement will join the Cano Limon-Covenas pipeline, owned by Ecopetrol, with Petroleos de Venezuela’s Guafita pipeline, Maria Angela Holguin said in remarks distributed by the Foreign Ministry’s press office. The accord will give Colombia more ways to export crude produced in its eastern plains.

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By ANDREW WILLIS & CHRISTINE JENKINS

BOGOTA (Bloomberg) -- Colombia and Venezuela will sign an accord to link oil pipelines in an area bordering the countries, Colombia’s Foreign Minister said.

The agreement will join the Cano Limon-Covenas pipeline, owned by Ecopetrol, with Petroleos de Venezuela’s Guafita pipeline, Maria Angela Holguin said in remarks distributed by the Foreign Ministry’s press office.

The accord will give Colombia more ways to export crude produced in its eastern plains, she said.

The Cano Limon-Covenas pipeline has been attacked a number of times by rebel groups in recent weeks. An explosion on October 5 halted transportation of oil to Colombia’s Caribbean coast, Ecopetrol said.



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