Cano Limon oil pipeline attacked
by one guerrilla group as another disarms
Cano Limon attacked 17 times this year; ELN active in area
Petroleumworld.com 03 02 2017
Colombia's smaller rebel group has unleashed a wave of attacks on the country's No. 2 oil pipeline, a show of strength amid peace talks that's creating a headache for companies including Ecopetrol SA and Occidental Petroleum Corp.
There have been 17 attacks this year on the Cano Limon pipeline in eastern Colombia where the National Liberation Army, or ELN by its Spanish initials, is highly active, compared to seven attacks in the first two months of last year, according to state-controlled Ecopetrol. That's forcing some oil companies to store crude in tanks, rather than transport it to the Caribbean port of Covenas from where it's shipped to buyers.
Pumping through the pipeline has been halted since Feb. 15, forcing Ecopetrol to declare force majeure on certain exports, according to people familiar with the situation. Drillers may have to halt production at fields in the area if the pipeline isn't fixed soon as storage space runs out, according to Humberto Alvarez of the USO oil workers union.
ELN rebels initiated peace talks with the Colombian government on Feb. 7, following in the footsteps of the larger Revolutionary Armed Forces of Colombia, or FARC, which finally reached a peace agreement late-2016 after four years of torturous negotiations.
“Peace is very important to the sector,” Ecopetrol Chief Executive Officer Juan Carlos Echeverry said Feb. 24. “We're asking the ELN to stop bombing the pipelines that transport oil belonging to all Colombians.”
Both Marxist rebel groups were born in the 1960s amid a fierce struggle for land rights in the Andean nation. The United Nations starts its verification of FARC disarmament Wednesday, a process that must finish by May 29 under the terms of the peace deal.
from Bloomberg News.
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels