Colombia's oil output cut by 7 percent

The month-long closure of a key Colombian oil pipeline following a bomb attack has cut the Andean nation's daily crude output by 72,000 barrels.

The figure represents 7 percent of the country's output, according to state oil firm Ecopetrol.

The Cano Limon pipeline, which carries crude from an oil field of the same name to the Caribbean coast, was shut down on March 25 by a bomb attack blamed on leftist rebels, prompting Ecopetrol to declare force majeure on 25 delivery contracts.


Source: Reuters