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CERAWEEK-Ecopetrol expects regular deliveries of Vasconia crude in April
March 7, 2017 / 7:22 PM / 9 months ago

CERAWEEK-Ecopetrol expects regular deliveries of Vasconia crude in April

HOUSTON, March 7 (Reuters) - Colombia’s state-run Ecopetrol expects to resume normal exports of Vasconia Norte crude in April, after completing repairs to a pipeline that has been attacked by rebels more than a dozen times this year, said the firm’s president on Tuesday.

The interruption of the crude flow through the 485-mile (780-km) Cano Limon-Covenas pipeline has forced Ecopetrol to declare force majeure on several shipments of Vasconia Norte crude for February and March deliveries.

“We have had an increase in the number of attacks this month... We have stored (supplies) while repairing the pipeline,” said Juan Carlos Echeverry, president of the oil company, at CERAWeek conference in Houston.

Ecopetrol produces some 50,000 barrels per day (bpd) of Vasconia Norte that are transported through the line along with other Colombian crude grades.

The line is currently out of work. Echeverry said it will resume operations “in a couple of days.”

“Attacks to the pipeline last year implied a total of 45 days of interruptions. We hope they allow us to work more regularly this year,” he added. (Reporting by Marianna Parraga; Editing by Marguerita Choy)

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