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Colombia and Venezuela to link oil pipelines

Thursday, October 17, 2013

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 Colombia’s state-controlled oil producer Ecopetrol, with Petroleos de Venezuela's Guafita pipeline.

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

Source: Bloomberg